Overview

• Baird raised its Tesla price target 71% to $548 and upgraded the stock to Outperform, the most bullish major Wall Street call, citing growing investor focus on long-term initiatives.
• Baird cautioned that near-term fundamentals look choppy with an expected sales decline in 2025, even as it highlights progress on Optimus and a U.S. robotaxi launch targeted for later this month.
• Goldman Sachs a day earlier lifted its 12‑month target to $395 from $300 but kept a Neutral rating, pointing to autonomy, the Optimus robot, and margins as key investor watchpoints.
• Goldman warned that competition—particularly in China’s ADAS market—and execution risk could limit profits, and its new target sat below recent trading levels.
• Tesla shares rose nearly 2% in pre‑market to about $433 after Goldman’s note; recent coverage also highlights a shareholder vote on Elon Musk’s growth‑tied pay plan and his roughly $1 billion stock purchase last week.