William Stein, an analyst from Truist Financial, maintained the Hold rating on Tesla (TSLA – Research Report). The associated price target was lowered to $280.00.
William Stein has given his Hold rating due to a combination of factors impacting Tesla’s current and future performance. One of the primary reasons is the company’s recent delivery figures, which fell short of market expectations. Tesla delivered 337,000 units in the first quarter of 2025, significantly below the consensus estimate of 407,900 units. This shortfall is attributed to weaker demand rather than supply constraints, as production numbers were higher than deliveries. Despite this, Stein emphasizes the importance of Tesla’s Full Self-Driving (FSD) technology, which he believes holds significant potential for the company’s long-term value.
Another factor influencing the Hold rating is the financial outlook, with Stein adjusting his earnings per share estimates downward and lowering the price target from $373 to $280. While average selling prices remained stable, there is an expectation of downward pressure in the future as Tesla aims to reduce costs and adjust pricing to boost demand. On a positive note, Tesla’s energy storage deployment showed strong year-over-year growth, becoming a more significant part of the company’s revenue. Overall, Stein maintains a cautious stance, focusing on the potential of FSD technology while acknowledging current demand challenges.
According to TipRanks, Stein is a top 25 analyst with an average return of 26.9% and a 67.78% success rate. Stein covers the Technology sector, focusing on stocks such as Analog Devices, Monolithic Power, and Nvidia.
In another report released today, Barclays also maintained a Hold rating on the stock with a $325.00 price target.