Tesla analyst ratings reach highest level since 2023 as ARK keeps $4,400 target

what happened

ARK Invest analyst Tasha Keeney said on Monday that Tesla could extend its ambitions beyond robotaxis into underground transport and electric aviation. The firm's model attributes roughly 80% of Tesla's 2031 enterprise value to robotaxis, with Full Self-Driving take-up in North American deliveries climbing from around 55% in the second quarter to above 75% in the third. ARK's base-case target is $4,400 per share by 2031, and it projects the Optimus humanoid robot at about 14% of enterprise value with roughly one million units.

Other analysts have also turned more positive. Per Stocktwits, citing Koyfin data, Tesla's average rating across 43 analysts reached 3.67 on a 1-to-5 scale, its strongest reading since early 2023 and above the longer-term median of 3.46. Barclays upgraded the stock to Overweight with a $450 target, and BNP Paribas moved it to Neutral with a $420 target. Nineteen analysts rate the stock Buy or higher, 22 Hold and two Sell, and the average target of $409.27 implies about 4.5% upside from the last close.

Musk said on SpaceX's quarterly call that both companies have formed special committees of independent directors to evaluate a possible merger. Any deal would still need approval from those committees, both boards and shareholders, and Musk cautioned that no terms have been agreed and that a deal is not certain.

why it matters

Analyst sentiment has become more constructive, yet retail traders on Stocktwits remain bearish and the stock is down 13% this year. That gap suggests the share price now depends heavily on the SpaceX merger question and on how quickly the robotaxi business develops.

market impact

TSLA and SPCX: rising analyst ratings and merger talks set the sentiment for both companies

tags

instruments