Morgan Stanley Tesla · TSLA

Morgan Stanley Reiterates Tesla’s Equalweight Rating

1 min read Reproduced verbatim
Rating
Equalweight
Unchanged
Target
$425
Unchanged
Outcome
Reached
on January 20, 2026
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What the analyst said

Morgan Stanley analyst Andrew Percoco reiterated on January 5, 2025, an ‘Equalweight’ rating and $425 price target on Tesla.

“Tesla delivered 418k vehicles in 4Q25 (-16% y/y), slightly missing sell-side consensus expectations (423k) by 1% but beat MSe (402k), and buy-side expectation of ~400- 410k.

ESS deployments also came in higher vs. expectations, hitting a record 14.2 GWh vs. 13.4 GWh cons.

We maintain our 1.597m vehicles unit sales (-2.5% Y/Y) and 64 GWh ESS deployment (+37%) estimate in 2026.

The catalyst path for TSLA remains concentrated around its robotaxi business in 1H26, although advancements in personal FSD (i.e. unsupervised) which in many ways is tied to a successful robotaxi roll-out, remain important drivers of future vehicle demand to support our double-digit volume growth expectations in 2027+.”

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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 $358. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $425 target is 4% below the median.

Since the note TSLA has moved −20% (from $450). 12-month window: day 309 of 365, closes on January 2, 2027.

Track record

This call✓ Target reached on January 20, 2026, 43 days after the note. Same target as this firm’s December 8, 2025 note, so it is scored there.

Firm track recordMorgan Stanley: 82% of its 50 targets at least a year old were reached within 12 months (#8 of 26 firms); on Tesla, 4 of 5. Accuracy ranking →

Morgan Stanley on Tesla

Morgan Stanley price targets on Tesla

8 calls from August 7, 2025 to February 10, 2026. The target went from $410 to $415 (+1%). The rating moved from Buy to Hold.

Morgan Stanley targetTSLA share price
  1. February 10, 2026Target cut from $425 (−2%)Hold$415
  2. January 22, 2026Kept the $425 targetHold$425
  3. January 2, 2026 This noteKept the $425 targetHold$425
  4. December 8, 2025Downgraded to Hold, target cut from $800 (−47%)Hold$425
  5. October 28, 2025Target raised from $410 (+95%)Buy$800
  6. October 2, 2025Kept the $410 targetBuy$410
  7. September 5, 2025Kept the $410 targetBuy$410
  8. August 7, 2025Earliest call shownBuy$410
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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 JP MorganHold Raised price target +4%, kept rating Oct 22 $430from $415
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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.