Mizuho Tesla · TSLA

Mizuho Cuts Tesla Price Target to $450

1 min read Reproduced verbatim
Rating
Outperform
Target
$450
from $480 (−6%)
Upside
+26%
TSLA at $358 today
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What the analyst said

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.”

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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 $450 target is 2% above the median.

Since the note TSLA has moved −4% (from $374). 12-month window: day 107 of 365, closes on July 23, 2027.

Track record

This callOpen: TSLA has not reached $450 yet. This 12-month target is scored on July 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 14 notes after Tesla’s Jul 22 results: 0 raised · 10 cut · 2 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, 2026 This noteTarget cut from $480 (−6%)Buy$450
  3. April 23, 2026Target 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.