Truist Financial Issues Pessimistic Forecast for Tesla (NASDAQ:TSLA) Stock Price

Market Beat
2026.01.02 16:02
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Truist Financial has lowered its target price for Tesla (NASDAQ:TSLA) from $444.00 to $439.00, maintaining a "hold" rating. This indicates a potential downside of 0.72% from the current stock price. Other analysts have varied opinions, with some raising their targets significantly. Tesla's stock recently traded down 1.7% to $442.17, with a market cap of $1.47 trillion and a P/E ratio of 295.17. The company reported a quarterly EPS of $0.50, beating estimates, and revenue of $28.10 billion, up 11.6% year-over-year.