Baird Tesla · TSLA

Baird Lowers Tesla’s Price Target to $522

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$522
from $538 (−3%)
Upside
+46%
TSLA at $358 today
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What the analyst said

Baird analyst Ben Kallo lowered the price target on Tesla (NASDAQ: TSLA) to $522.00 (from $538.00) while maintaining an Outperform rating.

“No change in outlook. Like Q4, the Q1 call was also much more focused than quarterly calls have been historically.

Our takeaway from this is that Musk is laser focused on the laundry list of TSLA’s projects combined with the upcoming SpaceX IPO.

We view TSLA as a core holding in the long term, and think the projects it is executing on this year will bring growth back to the company.

In the very short term, we think the stock is likely linked to SpaceX IPO and potential merger rumors.”

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 $522 target is 18% above the median, the highest on the Street.

Since the note TSLA has moved −8% (from $388). 12-month window: day 197 of 365, closes on April 23, 2027.

Track record

This callOpen: TSLA has not reached $522 yet. This 12-month target is scored on April 23, 2027.

Firm track recordBaird: 90% of its 31 targets at least a year old were reached within 12 months (#1 of 26 firms); on Tesla, 5 of 6. Accuracy ranking →

Earnings reactionOne of 15 notes after Tesla’s Apr 22 results: 2 raised · 3 cut · 8 kept. See every call →

Baird on Tesla

Baird price targets on Tesla

8 calls from September 8, 2025 to July 6, 2026. The target went from $320 to $522 (+63%). The rating moved from Hold to Buy.

Baird targetTSLA share price
  1. July 6, 2026Kept the $522 targetBuy$522
  2. June 23, 2026Kept the $522 targetBuy$522
  3. April 23, 2026 This noteTarget cut from $548 (−5%)Buy$522
  4. January 29, 2026Kept the $548 targetBuy$548
  5. December 30, 2025Kept the $548 targetBuy$548
  6. October 23, 2025Kept the $548 targetBuy$548
  7. September 19, 2025Upgraded to Buy, target raised from $320 (+71%)Buy$548
  8. September 8, 2025Earliest call shownHold$320
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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.