Tesla (NASDAQ: TSLA) continues to show bullish momentum as the Delaware Supreme Court reinstated CEO Elon Musk’s $139 billion stock award, propped up further by new Tesla stock price revisions over the past few days.
On Friday, December 19, Deutsche Bank raised its Tesla price target from $470 to $500, with a “Buy” rating. The bank expects fourth-quarter 2025 vehicle deliveries to come below expectations due to weaker volumes in the U.S., Europe, and China, but argues that Robotaxi testing in Austin, Texas, could be a sign of a broader rollout in the near future.
In this regard, Deutsche Bank’s prediction agrees in part with some other analyses, which likewise see Tesla preparing for major breakthroughs in what appears to be a historical squeeze that could clear the $520 mark within days.
Wall Street set Tesla stock price target 2026
On Friday, December 19, Tesla also received an upgrade from Truist, which raised its TSLA price forecast from $406 to $444, albeit while maintaining a “Hold” rating.
The firm also revised its semiconductor sector outlook, noting that AI stocks still look undervalued relative to their growth potential. As a result, AI-related capital spending is expected to remain a key tailwind for the company through 2026 as it continues to emphasize autonomous driving.
Indeed, Truist chalked up the majority of Tesla’s value to AI and expects new city announcements for Tesla’s Robotaxi services in 2026, although without any specific dates and with a caveat that competitors could contribute to volatility with their own advancements.
Earlier today, Monday, December 22, the carmaker also received a “Buy” rating from RBC, with another $500 Tesla share price target. Their revision marks Tesla’s fifth price forecast above the $500 mark received this month, as TD Cowen, Piper Sandler, Wedbush, and the already mentioned Deutsche Bank have also argued for the same ballpark over the past three weeks.
Despite the recent upgrades, though, the long-term Wall Street consensus still remains negative. Namely, according to TipRanks, 32 analysts who have weighed in on the carmaker in the last 90 days have collectively assigned it a “Hold” rating, while the average 12-month TSLA share price target sits at $386.11, representing a potential 19.76% downside from current levels.
With the most bullish target at $600 and the most bearish one at just $19.05, the average forecast is the result of some of the most widely diverging takes in the industry.
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