Morgan Stanley Tesla · TSLA

Morgan Stanley Affirms Equalweight on Tesla, $400 Price Target

Analyst: Adam Jonas 1 min read Reproduced verbatim
Rating
Equalweight
Unchanged
Target
$400
Unchanged
Outcome
Reached
on October 27, 2026
Morgan Stanley and Tesla logos

What the analyst said

Morgan Stanley analysts led by Adam Jonas mapped the physical AI links between SpaceX and Tesla (NASDAQ: TSLA).

Morgan Stanley rates Tesla at Equalweight with a $400 price target.

“SpaceX and Tesla share tech, talent, and infrastructure in a shared mission of converting energy to intelligence.

In our view, it is the belief of Elon Musk & team that the next decade of AI value creation will be decided by who can build, power, connect, and instrument AI in the physical world.

Tesla and SpaceX have each arguably assembled separate, but synergistically linked, physical AI capabilities and are working to gradually close the gap between them.

Areas linking SpaceX & Tesla today:

  • Advanced chips and AI hardware
  • Energy storage
  • Vehicles and components
  • Agentic platform development
  • Solar
  • Materials engineering
  • Vendors
  • Connectivity
  • Cross-Ownership
  • Culture
  • Talent

SpaceX provides Tesla:

  • Compute
  • Connectivity
  • Capital

Tesla provides SpaceX:

  • Robots
  • Data
  • Energy
  • Manufacturing”
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 $400 target is 10% below the median.

Since the note TSLA has moved −2% (from $364). 12-month window: day 46 of 365, closes on September 21, 2027.

Track record

This call✓ Target reached on October 27, 2026, 36 days after the note.

Firm track recordMorgan Stanley: 82% of its 50 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 April 23, 2026 to October 22, 2026. The target went from $415 to $410 (−1%). The rating stayed Hold.

Morgan Stanley targetTSLA share price
  1. October 22, 2026Target raised from $400 (+2%)Hold$410
  2. September 21, 2026 This noteKept the $400 targetHold$400
  3. September 11, 2026Kept the $400 targetHold$400
  4. September 2, 2026Kept the $400 targetHold$400
  5. July 23, 2026Target cut from $417 (−4%)Hold$400
  6. July 14, 2026Target raised from $415 (0%)Hold$417
  7. July 6, 2026Kept the $415 targetHold$415
  8. April 23, 2026Earliest call shownHold$415
Share

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
Share on
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.