Elon Musk’s electric vehicle (EV) maker, Tesla Motors (NASDAQ: TSLA), gave its shareholders an unwelcome surprise early in 2025 when its latest delivery report revealed the company’s first annual decrease in the number of cars shipped.
The adverse development, as it turned out, did little to stifle bullishness about TSLA stock, as the majority of analyst price target revisions demonstrated persistent optimism.
The situation was no different with the latest reassessment – that offered by Stifel’s analyst Stephen Gengaro on January 6 – as the company reiterated its ‘Buy’ rating and raised the price forecast for Tesla shares from $411 to $492.
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Should TSLA reach the lofty price target, it would mean a 16.42% by early January 2026 from its press time price of $422.60.
Analysts mostly optimistic about Tesla stock despite deliveries miss
Stifel’s revision follows the string of other recent bullish estimates. Between January 2 and press time on January 6, RBC Capital, Canaccord, and Deutsche Bank all confirmed they still regard Tesla Motors stock as a ‘buy.’
Out of the firms, Stifel’s price target was the highest, and Canaccord’s was the second-highest at $404.
Still, it is interesting that the majority of experts, whether they believe it wise to invest in TSLA shares or not, forecast a downside for the stock.
Furthermore, despite the substantial and persistent bullishness, optimism is far from universal. For example, Jefferies confirmed their neutrality with regard to Tesla, while JPMorgan (NYSE: JPM) and UBS recommended selling the equity of the EV maker.
Finally, and perhaps as could be expected, TSLA stock’s biggest bear, Gordon Johnson of GJL Research, predicted ‘an absolute bloodbath’ as he estimated the relatively disappointing deliveries are but a glimpse of weak figures to come with the next quarterly earnings report.
Tesla stock price chart in 2025
By the morning of January 6, Tesla shares’ actual performance appears to favor the bulls. Through the trials and tribulations – and despite being among the worst-performing S&P 500 stocks of the year less than 52 weeks ago – TSLA is 75.75% in the green in the 12-month chart.
The significant upward momentum was also seemingly confirmed in the few January trading sessions that elapsed by press time. Specifically, despite 2025 already featuring one concerning Tesla report, TSLA shares are 4.41% in the green in the year-to-date (YTD) chart.
