Jefferies raised its Tesla price target to $400 from $350 and kept a 'hold' rating, implying 5% upside from the $382.70 closing price cited in its 12 October note. Tesla delivered 486,532 vehicles in the quarter, up 1% quarter-on-quarter but down 2% year on year, and Jefferies expects third-quarter revenue of $29.2 billion and cash outflow of about $5 billion. The broker cut longer-term estimates due to limited new models, slower energy-storage growth and likely early losses from new ventures, yet sees improving prospects for FSD, energy storage and robotaxis. The higher target reflects potential value from Tesla's broader technology ambitions, including a possible SpaceX merger, rather than a clearer near-term earnings outlook.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/09/2026 | 382.70 |
| Change that session | +2.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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