TSLA Tesla, Inc.

MIXED Impact: 3/10 ANALYST-UPGRADE
Processed 20d 1h ago SEC analyst-TSLA-freedomb-20251024
21 firms acted on TSLA: Morgan Stanley, Freedom Broker, Melius Research, Baird, China Renaissance, William Blair, Argus Research, Baird, Cantor Fitzgerald, Benchmark, B of A Securities, Mizuho, Roth MKM, KGI Securities, William Blair, KGI Securities, New Street Research, UBS, Stifel, Stifel, Cantor Fitzgerald
Final — all horizons settled through T+60d
TSLA ▼ -0.82% at T+60d
NEUTRAL call ✗ call lost -0.82% · α vs SPY -1.37% · entry $452.22 → $448.50
Currently $422.55 · -6.56% from $452.22 entry
Entry anchored
Oct 24, 04:23 PM ET
via Databento tick
T+1d
+1.79%
call +1.79% · α +1.53%
$460.31
settled 7mo ago
T+5d
+3.54%
call +3.54% · α +3.84%
$468.22
settled 7mo ago
T+20d
-7.68%
call -7.68% · α -5.28%
$417.51
settled 6mo ago
T+60d
-0.82%
call -0.82% · α -1.37%
$448.50
settled 4mo ago

Price Chart

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Executive Summary

On October 24, 2025, Freedom Broker upgraded Tesla (TSLA) to Hold from Sell and raised its price target to $406 from $338, a double-notch move. The upgrade comes amid a cluster of 21 analyst actions on the stock. Freedom Broker has a 66% accuracy rate on 68 scored TSLA calls with an average return of 11.8%, placing it in the mid-tier of covering firms. Consensus is 29 Buy, 21 Hold, 10 Sell (60 analysts), with a mean target of $414.10 and median of $450. TSLA trades at $381.63, implying 8.5% upside to the mean and 6.4% upside to the new PT. In the past 30 days, EPS revisions have been predominantly negative: current-year EPS saw 5 up vs 17 down, and next-year saw 3 up vs 18 down. Insider selling continues, with $1.6M in sales in March 2026. Short interest is elevated at 61% of trading volume. Institutional flows are mixed: Renaissance Technologies doubled its position and Norges Bank initiated a $17.1B stake, while Bank of America trimmed 28.2%. The upgrade signals a potential trough for TSLA, but bearish fundamentals and insider activity warrant caution.

Impact Score

Base Score
2/7
LLM Adjustment
+1
Final Score
3/10

Consensus & Targets

Buy / Strong Buy
29 (48%)
Hold
21
Sell / Strong Sell
10
Total Analysts
41
Mean PT
$414.10
Median PT
$450.00
High PT
$600.00
Low PT
$123.00
Current Price
$381.63
Implied Upside
+8.5%

Current consensus comprises 9 Strong Buy, 20 Buy, 21 Hold, 8 Sell, and 2 Strong Sell, for a total of 60 analysts. The majority (50%) are Hold, 48% are Buy-side, and 10% are Sell-side, indicating a cautiously optimistic tilt.

The mean price target is $414.10, median $450, high $600, and low $123. At $381.63, TSLA trades 8.5% below the mean. Freedom Broker's $406 PT is 1.9% below the mean and 9.8% below the median, reflecting a more conservative stance relative to consensus.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-23 UBS maintain Neutral $364.00
2026-04-23 Canaccord Genuity maintain Buy $450.00
2026-04-23 RBC Capital maintain Outperform $475.00
2026-04-23 TD Cowen reiterate Buy $490.00
2026-04-23 Cantor Fitzgerald reiterate Overweight $510.00
2026-04-23 Wedbush reiterate Outperform $600.00
2026-04-23 Mizuho maintain Outperform $480.00
2026-04-23 Needham reiterate Hold
2026-04-22 Cantor Fitzgerald reiterate Overweight $510.00
2026-04-21 Wedbush reiterate Outperform $600.00

Momentum shows 1 upgrade and 0 downgrades in the past 30 days. However, EPS revision trends are negative: current-year EPS had 5 upward revisions vs 17 downward, and next-year EPS saw 3 up vs 18 down over the same period. This divergence suggests fundamental headwinds despite the positive analyst action.

Firm Track Record — Freedom Broker

Freedom Broker accuracy: 66% on 68 calls | avg return: 11.8%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
Jefferies 100% 3/3 53.8% top tier
RBC Capital 93% 13/14 33.7% top tier
Piper Sandler 85% 11/13 32.7% top tier
Canaccord Genuity 80% 12/15 28.5% top tier
Roth MKM 80% 4/5 29.9% top tier
Oppenheimer 80% 4/5 26.6% top tier
Citigroup 80% 4/5 19.3% top tier
Cantor Fitzgerald 79% 27/34 31.7% top tier
Goldman Sachs 79% 11/14 22.5% top tier
Needham 78% 7/9 24.6% top tier

Freedom Broker has a 66% accuracy rate on 68 rated TSLA calls, with an average return of 11.8%. This compares to top-tier firms like Jefferies (100% on 3 calls), RBC Capital (93% on 14), and Piper Sandler (85% on 13). Freedom Broker's upgrade aligns with consensus direction but their track record is moderate.

Earnings Estimates

Next earnings: Jul 21, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
0y $2.08 $1.35 — $3.19 $102.3B ↑12 ↓0
+1y $2.54 $1.46 — $3.65 $119.6B ↑7 ↓0
0q $0.45 $0.26 — $0.59 $24.6B ↑7 ↓0
+1q $0.54 $0.30 — $0.83 $26.9B ↑6 ↓0

Cross-Platform Signals

Insider Trades (90d)
0 buys / 2 sells
Institutional
RENAISSANCE TECHNOLOGIES LLC — doubled (220.9%)
Institutional
NORGES BANK — new
Institutional
BANK OF AMERICA CORP /DE/ — trim (-28.2%)
Short Interest
Short: 17,573,081 | Exempt: 57,136 | TRF Vol: 28,814,348 | Short Ratio: 61.0% | Off-exchange volume (dark pool + OTC)

Insider trades show two sells totaling $1.6M in March 2026. Institutional moves are mixed: Renaissance Technologies increased its stake by 220.9% and Norges Bank opened a new $17.1B position, while Bank of America reduced its position by 28.2%. Short interest is high at 61% of trading volume, indicating persistent bearish bets. The upgrade diverges from insider selling and downward EPS revisions.

Actionable Insight

The double upgrade from Sell to Hold reduces downside risk but does not signal a strong buy. Traders should view this as a reason to cover shorts or take profits on bearish positions, but wait for a catalyst (e.g., earnings beat or improved EPS revisions) before initiating new longs.

Documents Analyzed

Report based on filing metadata.

7 reports for TSLA
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for TSLA — sortable, filterable
Type Now
May 14, 2026
7d ago
ANALYST-UPGRADE
NEUTRAL ★ 1/10
$364.04 $433.28▲ +19.02%▲ +12.72%$422.55 (+16.07%)
May 1, 2026
20d ago
ANALYST-UPGRADE
MIXED ★ 3/10
$452.22 $417.51▼ −7.68%▼ −5.28%$422.55 (−6.56%)
Apr 30, 2026
20d ago
10-K/A
NEUTRAL ★ 3/10
awaiting T+20
Apr 23, 2026
28d ago
Court Ruling
BULLISH ★ 5/10
$373.62 $417.26▲ +11.68%▲ +7.05%$422.55 (+13.10%)
Apr 22, 2026
28d ago
8-K
BEARISH ★ 7/10
$373.62 $417.26▼ −11.68%▼ −7.05%$422.55 (−13.10%)
Apr 13, 2026
5w ago
Court Ruling
NEUTRAL ★ 4/10
$352.28 $445.03▲ +26.33%▲ +18.60%$422.55 (+19.95%)
Apr 2, 2026
7w ago
8-K
NEUTRAL ★ 3/10
$360.45 $381.63▲ +5.88%▼ −4.00%$422.55 (+17.23%)
Showing 7 of 7

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