TD Cowen Reiterates Buy on Tesla, $490 Price Target
- Rating
- Buy
- Price target
- $490
- Implied upside
- +29%
- vs $379.71 prior close
TD Cowen analyst Itay Michaeli reiterated a Buy rating and $490.00 price target on Tesla (NASDAQ: TSLA).
“Tesla Q2 Delivery Preview: Staying AboveConsensus & See Upside Potential; Our Tesla Q2 vehicle delivery estimate of 418k units remains above the 406k consensus.
While the final days/weeks of the month can materially sway the outcome (June can be ~48% of Q2), recent data and our predictive model suggest upside potential towards a mid-400k delivery outcome.
A Q2 delivery beat could boost NT sentiment post the recent pullback, while supporting our US EV thesis.”
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.
Tracking this call
Since this note−1% TSLA $379.71 → $377.81 (Oct 8) · moving away from the target
This callScored on Dec 29, 2026, six months after the note: did TSLA reach $490?
Firm track recordTD Cowen reached 76% of its 34 scored targets within six months (#6 of 31 firms); on Tesla, 1 of 3. Accuracy ranking →
More from TD Cowen on Tesla
Other Tesla notes
UBSHold
Raised price target +2%, kept rating · Oct 7
$391from $385
Goldman SachsHold
Kept rating and price target · Oct 6
$360maintained
UBSHold
Kept rating and price target · Oct 5
$385maintained
TruistHold
Kept rating and price target · Oct 5
$370maintained