Stifel Lifts Tesla’s Price Target to $483

Stifel analyst Stephen Gengaro raised on October 8, 2025, the price target on Tesla to $483 (from $440), while reiterating a ‘Buy’ rating on the stock.

“We believe Tesla is making progress with modest advancements in its Robotaxi network and FSD.

The company has high expectations for its camera-based approach including;

1. Unsupervised FSD to be available for personal use in the United States by year-end 2025, which appears to be a stretch but seems more likely in the medium term;
2. that it will “probably have ride hailing in probably half of the populations of the U.S. by the end of the year”, and;
3. expectations for its Robotaxi fleet to go from “tiny to gigantic” in a short period of time with a guess that it has a material impact on its financials around the end of 2026.

We are bumping our target price to $483 from $440 to reflect more confidence in FSD and Robotaxi.”

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