Truist Securities Increases Tesla’s PT to $444

Truist Securities analyst William Stein raised on December 19, 2025, the price target on Tesla to $444 (from $406), while maintaining a ‘Hold’ rating on the stock.

“Autonomous driving news flow will drive volatility in TSLA.

We continue to see the majority of TSLA’s value as linked to its success in bringing AI products and services to market.

The most near-term of these projects is its Robotaxi service, which is enabled by its FSD technology.

We believe new city announcements will be forthcoming in 2026, but timing of these will be unpredictable.

Further, imperfections in FSD outcomes (see this note) and announcements from competitors will contribute to the volatility.”

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