Tesla (TSLA) stock has fallen 0.3% over the past week, dropped 11.2% in the last month, yet still gained 34.9% over the past year. Wall Street’s analysts are neutral, forecasting a move to a 12‑month price target of $395.49 from a last close of $360.59, implying moderate upside but no strong conviction either way.
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Forget margin or options. Here's how the pros trade TSLATop analyst William Stein reiterated a Hold rating on TSLA on 4/2/2026, trimming his price target to $400, just above the Street’s average. His view reflects a cautious stance after weaker-than-expected first-quarter auto and energy deliveries, even as production remained solid and cash and equivalents reached $44,059 million.
Stein noted that Tesla delivered about 358,000 vehicles in 1Q26, roughly 6% below consensus expectations of 380,500 and below management’s own “consensus” figure of 365,600. The company produced around 408,000 vehicles, above his 392,000 estimate, highlighting execution in manufacturing but softer demand than hoped.
Energy storage, once a minor part of the story, also disappointed, with 8.8 GWh deployed in Q1, down 38% quarter-over-quarter and 15% year-over-year. Stein cut his Q1 Energy Generation and Storage revenue forecast to $3.5 billion from $3.7 billion, noting this segment now contributes a mid-teens percentage of total sales and is becoming more important for investors.
More importantly, Stein argues Tesla’s long-term value rests on its AI projects, especially Full Self-Driving, robotaxis, and the Optimus robot, yet the company provided no fresh updates on these fronts. He modestly reduced his 2027 EPS estimate to $2.89 from $3.04 and, with higher interest rates factored into his DCF model, lowered his price target to $400 while maintaining a Hold.
This N-star analyst ranks #10 out of 12,068 on TipRanks, with a 72.87% success rate and an average return of 33.8% per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.