Piper Sandler Reiterates Tesla’s $500 Price Target

Piper Sandler analyst Alexander Potter reiterated on January 29, 2026, an ‘Overweight’ rating and $500 price target on Tesla.

“Flattish After-hours, but if Dizzying 2026 Goals are Met, TSLA’s Going Higher

This was a fascinating Q4 call.

During the webcast, Tesla formalized its ambitious new direction: the company is burning the boats, pinning its future on autonomous cars and robots.

The Model S and Model X will be discontinued, and the vacated floorspace will be repurposed for building humanoids.

The 2026 capex budget of $20B is ~2x higher than normal, and represents 44% of Tesla’s cash balance.

The company’s disclosures have changed, with a new focus on FSD subscriptions, and an outlook that calls for doubling the robo-taxi fleet each month (the current fleet is 500 units).

Tesla targets launching robo-taxis in 7 new cities in the next 5 months.

The stock may be flattish after-hours, but if even half of these ambitions are realized, we think TSLA will be higher by year-end.”

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