- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Truist Lowers Tesla Price Target to $400
Analysts cite concerns over the electric vehicle maker's outlook
Apr. 3, 2026 at 1:54pm
Got story updates? Submit your updates here. ›
An extreme close-up of Tesla's industrial manufacturing processes highlights the intricate financial mechanics powering the electric vehicle revolution.Palo Alto TodayTruist Financial has lowered its price target for Tesla (NASDAQ:TSLA) stock from $438 to $400, citing a 'hold' rating on the electric vehicle producer's shares. The move comes as several other major brokerages have also recently adjusted their forecasts and ratings for Tesla.
Why it matters
Tesla's stock price and valuation have been a closely watched barometer for the broader electric vehicle industry. Shifts in analyst sentiment can significantly impact investor confidence and the company's ability to raise capital for future growth.
The details
In a note to investors, Truist Financial analysts said they are maintaining a 'hold' rating on Tesla shares and lowering the price target from $438 to $400. This represents a potential upside of 10.93% from the company's current trading price. The analysts cited a range of factors in their revised outlook, including increased competition in the EV market and potential headwinds for Tesla's profitability.
- Truist Financial issued the updated price target and rating on Thursday, April 3, 2026.
The players
Truist Financial
A major U.S. financial services company that provides commercial banking, consumer banking, and wealth management services.
Tesla, Inc.
An American electric vehicle, energy storage, and solar panel manufacturer founded in 2003. Tesla is known for its innovative electric car models and clean energy products.
What’s next
Investors will be closely watching Tesla's upcoming earnings report and any further updates from Wall Street analysts on the company's outlook.
The takeaway
Tesla's stock valuation remains a key focus for the electric vehicle industry, with analysts closely monitoring factors like competition, profitability, and the company's ability to execute on its ambitious growth plans.
