Morgan Stanley Keeps Overweight on Tesla, $410 Price Target
- Rating
- Buy
- Price target
- $410
- Implied downside
- -11%
- vs $459.46 prior close
Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $410 price target on Tesla (NASDAQ: TSLA).
“Tesla 3Q deliveries (497k) beat sell side consensus expectations (443k) by 12% and came in at the high end of the buy side expectation range (450k-500k), likely driven by a demand pull-forward ahead of the expiry of EV consumer tax credits (Sep 30th) – 3Q results marked the first y/y increase in deliveries this year.
ESS deployments also came in higher vs. expectations. • Deliveries beat cons by 12%: 497.1k vs. sell-side cons of 443k and buyside around ~475k (ranged from ~450-500k) • Production lower vs. cons by 4%: of 447.5k vs. cons of 468.5k • Energy deployments beat cons by 14%: 12.5GWh vs. cons of 10.94GWh and MSe of 9.66GWh • Earnings release on Wednesday, October 22, 2025.”
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Tracking this call
Since this note−18% TSLA $459.46 → $375 (Oct 9) · target reached
This call✓ Target reached on Sep 15, 2025, 39 days after the note. Same target as this firm’s Aug 7, 2025 note, so it is scored there.
Firm track recordMorgan Stanley: 78% of its 18 targets at least a year old were reached within 12 months (#12 of 20 firms); on Tesla, 4 of 4. Accuracy ranking →
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