Piper Sandler Raises Tesla’s PT from $400 to $500

Piper Sandler analyst Alexander Potter raised on September 22, 2025, Tesla’s price target to $500 (from $400), reiterating an ‘Overweight’ rating on the stock.

“We are boosting our price target to $500, following a trip to China.

After meeting with Chinese EV makers, we can see why Elon Musk respects these “fast followers” so much.

Indeed, vertically-integrated Chinese OEMs may be Tesla’s #1 competitive threat.

But when it comes to “real world” A.I., these companies look to Tesla for guidance – not the other way around.

In the words of one company, “without Tesla going from 0 to 1, we can’t go from 1 to 100.”

Bottom line: TSLA remains our top idea for investing in autonomous vehicles and robotics.”

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.