Overview

• TD Cowen’s Itay Michaeli reiterated a Buy rating with a $374 target on September 12 after a special sell-side call with Tesla’s Special Committee on the CEO compensation proposal.
• The firm said the proxy’s four product goals align with staged EBITDA targets, with initial milestones potentially achievable around 2030 based on its estimates.
• Wedbush maintained an Outperform rating on September 15, with Dan Ives calling Elon Musk a “wartime CEO” and viewing the proposed pay package as crucial to Tesla.
• Wedbush projects Tesla’s robotaxi effort could scale to roughly 30–35 U.S. cities over the next year, characterizing the expansion as an analyst expectation rather than a confirmed deployment.
• Morgan Stanley’s Adam Jonas reaffirmed a Buy on September 9 with a $410 target, highlighting battery advances and autonomous driving progress as key competitive advantages.