Mizuho Tesla · TSLA

Mizuho Lowers Tesla’s Price Target to $480

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$480
from $540 (−11%)
Upside
+40%
TSLA at $344 today
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What the analyst said

Mizuho analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $480.00 (from $540.00) while maintaining an Outperform rating.

“TSLA reported Rev/EPS of $22.4B/$0.41 (above cons. $22.1B/$0.35).

Main takeaways: 1) Slowing EV Demand growth in 2026E (we est EV LVP up ~4% y/y) after 2025 up ~30% y/y, 2) Auto GM ex-credits at 19.2% (up 120bps q/q), better with tariff relief/warranty writedowns, 2) TSLA cybercab now in production with cumulative cybercab miles reaching 1.7M, while FSD unsupervised launch targeted for 2H26E, 3) Optimus production ramping for internal testing in 2H26E, targeting commercial launch in 2027E, and 4) AI investment – F26E Capex guided $25B (prior $20B vs.

F25 at ~$9B) with 6 factories being built/switched, AI5 taped out with previously disclosed SOP in 2027E and planning to utilize INTC (Neutral, $60PT) 14A nodes.

Maintain Outperform, Lower Ests and PT to $480 (prior $540) as we see TSLA well-positioned leading physical AI with Cybercab/FSD traction, humanoid longer term, offset by near-term demand headwinds.”

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Where the price stands

TSLA trades at $344. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $480 target is 9% above the median.

Since the note TSLA has moved −11% (from $388). 12-month window: day 196 of 365, closes on April 23, 2027.

Track record

This callOpen: TSLA has not reached $480 yet. This 12-month target is scored on April 23, 2027.

Firm track recordMizuho: 88% of its 69 targets at least a year old were reached within 12 months (#2 of 26 firms); on Tesla, 7 of 8. Accuracy ranking →

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

Mizuho on Tesla

Mizuho price targets on Tesla

8 calls from July 24, 2025 to October 22, 2026. The target went from $375 to $460 (+23%). The rating stayed Buy.

Mizuho targetTSLA share price
  1. October 22, 2026Target raised from $450 (+2%)Buy$460
  2. July 23, 2026Target cut from $480 (−6%)Buy$450
  3. April 23, 2026 This noteTarget cut from $530 (−9%)Buy$480
  4. December 16, 2025Target raised from $475 (+12%)Buy$530
  5. November 25, 2025Target cut from $485 (−2%)Buy$475
  6. October 23, 2025Target raised from $450 (+8%)Buy$485
  7. September 22, 2025Target raised from $375 (+20%)Buy$450
  8. July 24, 2025Earliest call shownBuy$375
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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.