TTruist TTesla · TSLA
Truist Reduces Tesla’s Price Target to $438
Rating
Hold
Price target
$438
Previous
$439
Implied upside
+2%
Truist Securities analyst William Stein lowered the price target on Tesla to $438 (from $439) while maintaining a ‘Hold’ rating on the stock.
“TSLA reported modest upside to Q4 (revs & GPM) and did not guide Q1. Big changes this earnings include
- TSLA is stopping production of Model S/X;
- it is making significant investments in 6 new production lines and training hardware, more than doubling capex from $8.5B to $20B this year, with more spend to come, and
- it is establishing AI-related operational bogeys for CY26. We believe these will make auto deliver data decreasingly relevant.
The fundamental changes are positive, in our view, but our updated DCF barely budges to $438 (from $439), so we stay on the sidelines.
Hold.”
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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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