--- title: "Is Tesla's future still out of reach? Wall Street's valuation discrepancies remain" type: "News" locale: "en" url: "https://longbridge.com/en/news/288081467.md" description: "Despite the rebound in Tesla's stock price, there is a significant divergence in valuations on Wall Street. Based on the views of 29 analysts, the consensus rating is \"Hold,\" with an average target price of $403.86, indicating potential downside from the current price. Optimists like Piper Sandler are optimistic about its robotics and AI business potential, maintaining an Overweight rating; pessimists like JP Morgan are concerned about capital expenditures, increasing competition, and uncertainties surrounding the commercialization of FSD, giving it a Underweight rating. The core automotive business faces pressure from slowing growth, and the high valuation relies on distant expectations" datetime: "2026-05-29T14:05:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288081467.md) - [en](https://longbridge.com/en/news/288081467.md) - [zh-HK](https://longbridge.com/zh-HK/news/288081467.md) --- # Is Tesla's future still out of reach? Wall Street's valuation discrepancies remain Despite a recent rebound in Tesla's stock price, Wall Street remains sharply divided on its future outlook. The electric vehicle giant's market value is largely built on distant expectations for autonomous taxi services, humanoid robots, and artificial intelligence, while its core automotive business faces slowing growth and margin pressures. According to data from TipRanks, based on the views of 29 Wall Street analysts over the past three months, Tesla's consensus rating is "Hold." Among them, 12 analysts rated it as "Buy," 12 suggested "Hold," and 5 recommended "Sell." The average target price is approximately $403.86, indicating about an 8.65% downside from the recent price of around $442. The highest target price is $600, while the lowest is only $24.86, showing extreme divergence in opinions. The optimistic side is represented by Piper Sandler, which maintains an "Overweight" rating and a target price of $500. Analyst Alexander Potter constructed a comprehensive valuation model covering 17 business lines, estimating that Tesla's core business is worth about $400 to $420 per share. This implies that buying at the current stock price allows investors to almost get the potential upside of the humanoid robot Optimus business for free. Potter believes that the Optimus and inference-as-a-service businesses could be worth more than all of Tesla's other businesses combined. However, the concerns from the pessimistic side are equally significant. JP Morgan analyst Rajat Gupta maintains a "Underweight" rating with a target price set at $145. UBS and Barclays also hold cautious positions, with target prices in the ranges of $307 and $360 to $364, respectively. Their concerns focus on several aspects: a capital expenditure plan of up to $25 billion for 2026 will lead to significant cash consumption; the automotive business faces fierce competition from rivals like BYD and pressures from normalizing demand; and the commercialization timeline and regulatory approval for FSD and Robotaxi remain highly uncertain. The narrative supporting its high valuation remains distant. Although FSD subscription users have grown to 1.28 million, Robotaxi is undergoing small-scale autonomous driving tests in Austin, and the Optimus production line is planned to launch by the end of 2026, it will still take years for these businesses to become major profit contributors. 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