Tesla's energy storage division to pick up slack as car margins drop and credits fade

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Tesla (TSLA) PT Raised to $350 at Jefferies, 'bsheet compatible with capex plans'

April 20, 2026 8:54 AM EDT

Jefferies analyst Philippe Houchois raised the price target on Tesla (NASDAQ: TSLA) to $350.00 (from $300.00) while maintaining a Hold rating.

The analyst comments "Q1 results will show further widening of the gap between vision and execution and, barring a convincing announcement on robotaxi roll-out, may fuel fuel concern about funding and raise the logic of an eventual merger with SpaceX. Ambitious capex plans are set to create loss centers for a while, we cut 2026-27 estimates. Having said that, Tesla continues to deliver vision while facing slow moving competitors. We adjust PT to $350... More