BBaird TTesla · TSLA
Baird Reaffirms Tesla’s $548 Price Target
Rating
Buy
Price target
$548
Previous
—
Implied upside
+27%
Baird analyst Ben Kallo reiterated on January 29, 2026, an ‘Outperform’ rating and $548 price target on Tesla.
“The call was highlighted by a doubling of capex outlook for 2026 y/y to over $20B.
Importantly, they signaled an elevated level for the intermediate term, as it builds out the physical AI value chain.
Not included in these plans are potential investments in solar and chip fabs which Musk described as critical for TSLA’s supply chain security, particularly in a scenario of further geopolitical conflict.
These ambitions mark the beginning of a new chapter for TSLA which we view positively.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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