Morgan Stanley Tesla · TSLA

Morgan Stanley Maintains Equalweight on Tesla, $415 Price Target

Analyst: Andrew Percoco 1 min read Reproduced verbatim
Rating
Equalweight
Unchanged
Target
$415
Unchanged
Outcome
Reached
on July 6, 2026
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What the analyst said

Morgan Stanley analyst Andrew Percoco reiterated an Equalweight rating and $415.00 price target on Tesla (NASDAQ: TSLA).

“Tesla launched robotaxi in Miami over the weekend. Tesla launched robotaxi Miami (including unsupervised vehicles) on Friday, July 3rd.

Miami was listed as “preparations underway” in the 1Q26 slide deck, along with Phoenix, Orlando, Tampa, and Las Vegas. We expect Tesla to launch in all of these metro areas by yearend.

Additionally, there have been some sightings of presumed robotaxi test vehicles in New Orleans (not confirmed by the company), which was not one of the cities listed as being in the preparation stage in the last earnings presentation.

We believe this news will be well received by the market after what had felt like a deceleration with the Robotaxi Tracker reflecting a decline in active vehicles in fleet since late April (although this data is not validated by the company).

We forecast 1,500 robotaxis (supervised + unsupervised) in the fleet by year-end, ramping to 30,000 by 2030.

While the absolute number of robotaxis is likely immaterial to earnings this year, the rate of change in the rollout provides more clarity for investors who may be skeptical about Tesla’s autonomous technology at scale.”

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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 $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 $415 target is 6% below the median.

Since the note TSLA has moved −13% (from $393). 12-month window: day 122 of 365, closes on July 6, 2027.

Track record

This call✓ Target reached on July 6, 2026, 0 days after the note.

Firm track recordMorgan Stanley: 82% of its 49 targets at least a year old were reached within 12 months (#8 of 26 firms); on Tesla, 4 of 5. Accuracy ranking →

Morgan Stanley on Tesla

Morgan Stanley price targets on Tesla

8 calls from January 2, 2026 to July 23, 2026. The target went from $425 to $400 (−6%). The rating stayed Hold.

Morgan Stanley targetTSLA share price
  1. July 23, 2026Target cut from $417 (−4%)Hold$400
  2. July 14, 2026Target raised from $415 (0%)Hold$417
  3. July 6, 2026 This noteKept the $415 targetHold$415
  4. April 23, 2026Kept the $415 targetHold$415
  5. April 20, 2026Kept the $415 targetHold$415
  6. February 10, 2026Target cut from $425 (−2%)Hold$415
  7. January 22, 2026Kept the $425 targetHold$425
  8. January 2, 2026Earliest call shownHold$425
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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 JP MorganHold Raised price target +4%, kept rating Oct 22 $430from $415
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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.