Stifel Keeps Buy on Tesla, $440 Price Target
- Rating
- Buy
- Price target
- $440
- Implied upside
- +30%
- vs $338.53 prior close
Stifel analyst Stephen Gengaro reiterated a Buy rating and $440 price target on Tesla (NASDAQ: TSLA).
“Today Tesla proposed a pay package for CEO Elon Musk that could be worth $1 trillion.
The milestones to reach this level are very aggressive (outlined below), and clearly require sustained executional excellence and robust growth in auto deliveries, full self-driving success, Robotaxi traction, and outstanding success of Optimus.
We continue to believe Mr. Musk is a critical driver of Tesla’s long-term success, and the unprecedented long-term compensation plan clearly incentivizes him to lead Tesla for the long term.
We maintain our Buy rating and $440 target price (a mere ~$1.5 trillion market cap).
New CEO Compensation Strategy: On August 4, Tesla proposed a new award of 96 million shares to CEO Elon Musk under its 2019 equity incentive plan.
Today, it also unveiled a longer-term CEO compensation strategy that would amount to 423,743,904 shares of Tesla’s common stock, which would represent 12% of the adjusted share count.”
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Tracking this call
Since this note+11% TSLA $338.53 → $375 (Oct 9) · 36% of the way to the target
This call✓ Target reached on Sep 24, 2025, 19 days after the note.
Firm track recordStifel: 94% of its 16 targets at least a year old were reached within 12 months (#3 of 20 firms); on Tesla, 6 of 7. Accuracy ranking →
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