JPMorgan upgraded Tesla to 'overweight' from 'neutral', raising its price target to $475 from $145. Analyst Rajat Gupta cited Tesla's advancements in physical AI, autonomous driving, and robotics, projecting significant revenue growth by 2030. Other analysts maintain mixed views, with Erste Group upgrading to 'hold' but noting high valuation.
JPMorgan has upgraded Tesla (TSLA) to 'overweight' from 'neutral', significantly raising its price target to $475 from $145. Analyst Rajat Gupta's bullish thesis centers on Tesla's leadership in physical AI, driven by its industrial-scale manufacturing and vertical integration across hardware and software. Gupta projects Tesla could achieve $203 billion in revenue by 2030, with robotaxi, Optimus, and FSD licensing contributing roughly half. He also anticipates Tesla could sustain up to 50% annual growth through 2030. In contrast, Erste Group upgraded Tesla to 'hold' from 'sell', acknowledging improving sales and margins but cautioning that the stock's high P/E valuation limits further price gains. Wall Street's consensus rating for Tesla is 'Moderate Buy', with an average 2027 price target of $404, implying a slight downside from current levels.
JPMorgan's aggressive upgrade and price target signal strong conviction in Tesla's future growth potential beyond electric vehicles, particularly in AI-driven sectors, potentially influencing investor sentiment and valuation benchmarks for the broader tech and auto industries.