BNP Paribas Raises Tesla (TSLA) Price Target to $420
Key Points
- BNP Paribas upgraded Tesla, Inc. to a Neutral rating on October 22, 2026, while pushing its price target higher from $266 to $420.
- BNP Paribas's $420 price target implies 11.09% upside from Tesla, Inc.'s ($TSLA) current $378.07 share price.
- Tesla recently traded around $378.07, sitting above its 50-day moving average of $362.18 while managing trailing twelve-month revenue of $103.62 billion.
- Other major Wall Street firms updated their views on the electric vehicle maker on the same day, featuring price targets ranging widely across the board.
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On October 22, 2026, BNP Paribas upgraded Tesla, Inc. [TSLA] to a Neutral rating, pushing its price target up from $266 to $420. The research note arrived as part of a busy day of updates from major financial institutions covering the electric vehicle maker.
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Tesla, Inc.
BNP Paribas vs. the S&P 500
Hypothetical returns from BNP Paribas's disclosed trades, not real profit or advice. How we model this.
BNP Paribas's Call on Tesla, Inc.
In its research note published on October 22, 2026, BNP Paribas shifted its stance on the automaker, issuing a Neutral rating alongside a new price target of $420. The rating reflects the firm's forward-looking view on the company's position in the auto manufacturing sector.
Other Institutional Activity in Tesla, Inc.
Sumitomo Mitsui DS Asset Management Company grew its holdings by 13,717 shares, ending with 417,691 shares worth about $148.2 million. SBI Securities grew its holdings by 18,073 shares, ending with 276,915 shares worth about $98.3 million. Meanwhile, Livforsakringsbolaget Skandia, Omsesidigt reduced its stake by 28,920 shares, ending with 17,436 shares worth about $6.2 million.
Tesla, Inc. Stock Up 1.2%
Tesla shares recently traded around $378.07 as of October 22, 2026, close to the event-day close of $377.63. The stock trades above its 50-day moving average of $362.18.
$TSLA price target
Tesla, Inc. daily closes and this analyst's $420 target. Not advice.
Recent Earnings
Tesla reported trailing twelve-month revenue of $103.62 billion and earnings of $1.08 per share.
Insider Buying and Selling at Tesla, Inc.
Company insiders executed several transactions earlier in the year, including Chief Financial Officer Vaibhav Taneja selling 3,000 shares on May 13, 2026, at $450 per share for a total value of $1.35 million.
Analysts Set New Price Targets
Wall Street firms actively updated their views on the stock on October 22, 2026. Canaccord Genuity maintained a Buy rating with a $442 target, while Morgan Stanley maintained an Equal-Weight rating with a $410 target. RBC Capital reiterated its Outperform rating with a $480 target, and JP Morgan maintained a Neutral rating with a $430 target.
About Tesla, Inc.
Tesla, Inc. designs, builds, and sells electric vehicles, alongside energy storage systems and solar products. The company operates manufacturing facilities across multiple continents and provides automotive services, insurance, and regulatory credits. Wall Street closely tracks its production figures and delivery milestones to gauge overall demand in the clean energy vehicle space.
Bottom Line
Investors continue to weigh changing delivery estimates against broader market sentiment. Watch for upcoming earnings announcements and further institutional reports to see how analysts adjust their forecasts next.
Related Filing Alerts
Source: BNP Paribas's rating change on $TSLA (Oct 22, 2026). Written by software, not financial advice. How we make alerts