Truist Keeps Hold on Tesla, $370 Price Target
- Rating
- Hold
- Price target
- $370
- Implied upside
- +0%
- vs $370.59 prior close
Truist Securities analyst William Stein reiterated a Hold rating and $370 price target on Tesla (NASDAQ: TSLA).
“3Q26 auto deliveries beat.
Focus on AI developments, which continue to lag; Q3 auto deliveries were above Street, but TSLA offered no updates on the more important topics: AI projects & new vehicles.
Today, TSLA announced that it delivered 486.5k units in 3Q26, 6% above consensus. Energy storage deployments missed consensus.
We assert investors should be more focused on AI projects, especially FSD (see our latest and prior reviews) and Optimus (see notes from our Optimus lab tour).
We view AI developments as far more important than auto deliveries for TSLA’s long-term cash generation and stock performance. Our CY27 EPS falls 1c to $1.97, and our DCF-derived PT remains $370.
Hold.”
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Tracking this call
Since this note+3% TSLA $370.59 → $380.68 (Oct 7) · moving away from the target
This callScored on Apr 6, 2027, six months after the note: did TSLA reach $370?
Firm track recordTruist reached 52% of its 21 scored targets within six months (#26 of 31 firms); on Tesla, 5 of 5. Accuracy ranking →
