HSBC Tesla · TSLA

HSBC Reiterates $131 Price Target on Tesla

1 min read Reproduced verbatim
Rating
Reduce
Unchanged
Target
$131
Downside
−62%
TSLA at $344 today
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What the analyst said

HSBC analyst Michael Tyndall reiterated a Reduce rating and $131 price target on Tesla

“More promises for the future, but today’s reality is tough: there is no correlation between TSLA’s share price and its current earnings.

Looking back over the past two years the stock is up 93% (vs S&P us 55%), somewhat less than the 110% rally enjoyed by its Mag7 peers.

The earnings comparison is starker; over the same period consensus 12mth forward earnings for TSLA have more than halved, whereas the estimates for the Mag7 have broadly doubled.

If we look at our own estimates, our ESS auto forecasts have improved over the period, but this has been greatly overshadowed by the deterioration in the auto business.

Meanwhile, none of the pre-revenue businesses have matured to a sizable commercial reality.”

Disclaimer
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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 $131 target is 70% below the median.

Since the note TSLA has moved −15% (from $404). 12-month window: day 353 of 365, closes on November 17, 2026.

Track record

This callOpen: TSLA has not reached $131 yet. This 12-month target is scored on November 17, 2026.

Firm track recordHSBC: 60% of its 20 targets at least a year old were reached within 12 months (#24 of 26 firms); on Tesla, 0 of 4. Accuracy ranking →

HSBC on Tesla

HSBC price targets on Tesla

7 calls from April 24, 2025 to October 5, 2026. The target went from $120 to $157 (+31%). The rating stayed Sell.

HSBC targetTSLA share price
  1. October 5, 2026Target raised from $131 (+20%)Sell$157
  2. January 4, 2026Kept the $131 targetSell$131
  3. November 17, 2025 This noteTarget raised from $127 (+3%)Sell$131
  4. September 29, 2025Target raised from $120 (+6%)Sell$127
  5. July 24, 2025Kept the $120 targetSell$120
  6. July 3, 2025Kept the $120 targetSell$120
  7. April 24, 2025Earliest call shownSell$120
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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.