Truist Tesla · TSLA

Truist Securities Lowers Tesla Price Target to $400

1 min read Reproduced verbatim
Rating
Hold
Unchanged
Target
$400
from $438 (−9%)
Outcome
Reached
on April 17, 2026
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What the analyst said

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $400.00 (from $438.00) while maintaining a Hold rating.

“Q1 auto & energy deliveries were below Street and TSLA offered no updates on the more important topics: AI projects & new vehicles.

Today, TSLA announced that it delivered 358k units in 1Q26, below consensus & our estimate. Energy storage deployments also missed consensus.

We assert investors should be more focused on AI projects, especially FSD (see our latest and prior reviews).

We view AI developments as far more important than auto deliveries for TSLA’s long-term cash generation and stock performance.

Our near-term EPS estimates decline modestly, and PT goes to $400 (fr. $438). Hold.”

Disclaimer
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.

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 $400 target is 10% below the median.

Since the note TSLA has moved −6% (from $381). 12-month window: day 220 of 365, closes on April 2, 2027.

Track record

This call✓ Target reached on April 17, 2026, 15 days after the note.

Firm track recordTruist: 79% of its 28 targets at least a year old were reached within 12 months (#16 of 26 firms); on Tesla, 5 of 6. Accuracy ranking →

Truist on Tesla

Truist price targets on Tesla

8 calls from July 24, 2025 to July 2, 2026. The target went from $280 to $430 (+54%). The rating stayed Hold.

Truist targetTSLA share price
  1. July 2, 2026Target raised from $400 (+8%)Hold$430
  2. April 23, 2026Kept the $400 targetHold$400
  3. April 2, 2026 This noteTarget cut from $438 (−9%)Hold$400
  4. January 29, 2026Target cut from $444 (−1%)Hold$438
  5. December 19, 2025Target raised from $406 (+9%)Hold$444
  6. November 11, 2025Kept the $406 targetHold$406
  7. October 23, 2025Target raised from $280 (+45%)Hold$406
  8. July 24, 2025Earliest call shownHold$280
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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 Morgan StanleyHold Raised price target +2%, kept rating Oct 22 $410from $400
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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.