JJefferies TTesla · TSLA

Jefferies Keeps $300 PT and Hold Rating on Tesla

Jan 29, 2026· 1 min read· Reproduced verbatim
Rating
Hold
Price target
$300
Previous
Implied downside
-30%

Jefferies analyst Philippe Houchois reiterated on January 29, 2026, a ‘Hold’ rating and $300 price target on Tesla.

Tesla delivered its most interesting earnings call in many quarters.

Healthy beat on core auto margin and cash.

Outlook vague and low in numbers, except a whopping $20bn capex for 2026 and beyond across 6 units.

Multiple launch milestones likely to be missed and undermine confidence in earnings.

Funding may become a topic despite a $44bn cash pile. Announced investment in xAI suggests meeting supercompensation targets may rely on Musk-related corporate deals.”

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