Tesla (TSLA) PT Lowered to $320 at RBC Capital

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $320.00 (from $440.00) while maintaining a Outperform rating.

The analyst comments: "Much of the attention around Tesla has centered on its recent delivery performance in Jan and Feb in Europe and China. We think fears demand could be overblown however. That said, in this report, we lower our FSD pricing and robotaxi penetration assumptions. This causes us to reduce our PT to $320 from $440. We maintain our Outperform rating however.

We now assume Tesla FSD pricing drops to $50/month in 2026 from $100/mo today. Previously we assumed that pricing declined to $50/mo and then ramped back to $100/mo by 2030 given level 4 options, which we thought could command higher pricing. In light of recent interactions with Mercedes, Mobileye, and Aptiv management and autonomy demonstration experiences, as well as recent news from BYD, Level 2+ autonomy offerings are increasingly becoming standard features with some OEMs intentionally not seeking to make it a profit center, but rather as a product differentiator."

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