Truist Tesla · TSLA

Truist Raises Tesla Price Target to $406

Analyst: William Stein 1 min read Reproduced verbatim
Rating
Hold
Target
$406
from $280 (+45%)
Outcome
Reached
on November 13, 2025
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What the analyst said

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $406 (from $280) while maintaining a Hold rating.

“The set-up is trickier than ever. TSLA reported mixed Q3 results but again offered no guidance.

We believe TSLA’s near-term auto delivery data and earnings results are decreasingly relevant to the company’s stock price, because (1) most of the value of the shares is tied up in AI projects including FSD, robotaxi, and especially Optimus, and (2) all of the AI projects are at once quite unproven (close to zero revenue), and potentially extremely valuable.

Our updated DCF gets us to $406, so we reiterate our Hold rating.

We offer thoughts on valuation, upside potential from AI projects, and bonus: a new FSD review that offers optimistic and pessimistic takeaways.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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.

Where the price stands

TSLA trades at $344. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $406 target is 8% below the median.

Since the note TSLA has moved −22% (from $439). The 12-month window closed on October 23, 2026.

Track record

This call✓ Target reached on November 13, 2025, 21 days after the note.

Firm track recordTruist: 78% of its 27 targets at least a year old were reached within 12 months (#17 of 26 firms); on Tesla, 5 of 6. Accuracy ranking →

Earnings reactionOne of 19 notes after Tesla’s Oct 22 results: 5 raised · 1 cut · 11 kept. See every call →

Truist on Tesla

Truist price targets on Tesla

8 calls from May 23, 2025 to April 23, 2026. The target went from $280 to $400 (+43%). The rating stayed Hold.

Truist targetTSLA share price
  1. April 23, 2026Kept the $400 targetHold$400
  2. April 2, 2026Target cut from $438 (−9%)Hold$400
  3. January 29, 2026Target cut from $444 (−1%)Hold$438
  4. December 19, 2025Target raised from $406 (+9%)Hold$444
  5. November 11, 2025Kept the $406 targetHold$406
  6. October 23, 2025 This noteTarget raised from $280 (+45%)Hold$406
  7. July 24, 2025Kept the $280 targetHold$280
  8. May 23, 2025Earliest call shownHold$280
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Other analysts on Tesla

CantorBuy Kept rating and price target Oct 26 $485maintained BarclaysBuy Upgraded, raised price target +22% Oct 26 $450from $370 StoneXBuy Kept rating and price target Oct 22 $475maintained BNP ParibasHold Upgraded Oct 22 Morgan StanleyHold Raised price target +2%, kept rating Oct 22 $410from $400
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.