“Tesla price target raised to $430 from $400 with an $800 bull case: 'As interest in AVs continues to rise, we have undertaken the most extensive re-architecture and expansion of our Tesla Mobility (robotaxi) model since initially published in 2015. While autos still matter, we see embodied AI as the driver for upside to revised $800 bull case. Reiterate Top Pick.'”

Adam JonasWall Street

Head of Global Auto & Shared Mobility Research, Morgan Stanley

Tesla cleared the $430 base-case target within the 12-month window, trading above it in October 2025 and closing at a record $489.88 on December 16, 2025. The $800 bull case was not reached.