Piper Sandler Reiterates Tesla’s ‘Overweight’ Rating

Piper Sandler analyst Alexander Potter reiterated on November 20, 2025, an ‘Overweight’ rating and $500 price target on Tesla.

“This week, we hosted an investor meeting at Tesla’s facility in Fremont, CA.

We test “drove” the latest version of Tesla’s full self-driving (FSD) software, while also participating in 75+ minutes of Q&A.

Unsurprisingly, much of the conversation focused on FSD and Tesla’s robo-taxi efforts.

If they haven’t already, we think it’s important for investors to try FSD v14. We think FSD is a truly impressive product that is (probably) already better at driving than the average American.

A flawless robo-taxi ride to the hotel reinforced our conviction in this statement.

Other topics included Tesla’s in-house chip efforts, the Optimus robot, stationary storage batteries, and comments re: capex, margins, etc.

We reiterate our Overweight rating and $500 price target.”

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.