Baird Tesla · TSLA

Baird Reiterates Outperform on Tesla, $522 Price Target

Analyst: Ben Kallo 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$522
Unchanged
Upside
+46%
TSLA at $358 today
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What the analyst said

Baird analyst Ben Kallo reiterated an Outperform rating and $522.00 price target on Tesla (NASDAQ: TSLA).

“We are highlighting our estimates ahead of TSLA’s Q2 delivery report which we speculate will be July 2 before the open.

TSLA-specific news has recently been quieter than usual with the IPO of SpaceX grabbing headlines.

With the deal now complete, we believe focus will shift to a potential merger between the two entities, and we see this as likely to happen sooner rather than later.

Acknowledging uncertainty in the timing of a potential merger, we continue to be buyers of TSLA with company-specific catalysts ahead.

International vehicle registrations in key markets, third-party trackers, and our own analysis lead us to remain comfortable with our Q2 delivery estimates.

Our estimates for the remainder of 2026 are as follows versus FactSet consensus: – Q2: Our 392.9K vs. consensus 401.1K. – Q3: Our 461.5K vs. consensus 454.1K. – Q4: Our 469.3K vs. consensus 468.4K. – 2026: Our 1.68M vs. consensus 1.66M.

We estimate TSLA will report Q2 deliveries before the open on Thursday, July 2.”

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.

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 −12% (from $405). 12-month window: day 136 of 365, closes on June 23, 2027.

Track record

This callOpen: TSLA has not reached $522 yet. This 12-month target is scored on June 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 →

Baird on Tesla

Baird price targets on Tesla

8 calls from September 19, 2025 to July 27, 2026. The target went from $548 to $475 (−13%). The rating stayed Buy.

Baird targetTSLA share price
  1. July 27, 2026Target cut from $522 (−9%)Buy$475
  2. July 6, 2026Kept the $522 targetBuy$522
  3. June 23, 2026 This noteKept the $522 targetBuy$522
  4. April 23, 2026Target cut from $548 (−5%)Buy$522
  5. January 29, 2026Kept the $548 targetBuy$548
  6. December 30, 2025Kept the $548 targetBuy$548
  7. October 23, 2025Kept the $548 targetBuy$548
  8. September 19, 2025Earliest call shownBuy$548
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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.