Mizuho Cuts Tesla Price Target to $450
Mizuho analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $450 (from $480) while maintaining an Outperform rating.
“TSLA reported Rev/EPS of $28.2B/$0.33 (cons. $26.2B/$0.50).
Main takeaways: 1) EV stronger than peers with TSLA deliveries up 25% y/y vs GM/RIVN dn 33%/up 14% y/y in JunQ, with backlog at highest level since 2023, 2) Good FSD traction at 55% attach and 1.5M subs, up 16% q/q, 3) Cybercab in production, live across 7 cities, with unsupervised miles reaching 380K+, while FSD unsupervised expansion targeting more cities in 2H26E, 4) Optimus SOP later in 2026E, and 5) AI/factory investments ongoing with capex reiterated at >$25B in 2026E and growing into 2027/28E to build/expand Terafab, Optimus, Robotaxi.
Maintain Outperform, Adjust Ests and PT to $450 (prior: $480) as we see TSLA well-positioned leading physical AI with Cybercab/FSD traction and humanoid robotics longer term.”
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.
