Stifel analyst Stephen Gangaro recently cut his price target on Tesla ( TSLA -0.14%) to $450 from $455, maintaining a buy rating on the stock. A price target cut is never great news, but it's not a material reduction, and the target still implies a 73% upside over the next 12 months.

After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) have been battered for nearly three months now. Since the start of 2025, the largest U.S. EV-maker has seen its shares drop by more than 25%,

Tesla, Inc.’s (TSLA) stock rose for a fifth straight session on Monday and has jumped about 23% since reporting a major quarterly earnings miss last week. Among the primary drivers is CEO Elon Musk, who has promised to spend more time at the company starting next month.