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UBS raises Tesla price target to $391, citing favorable risk/reward despite recent stock volatility.

Analyst Insights
07 Oct 2026
24/7 Wall Street
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Bullish
UBS raises Tesla price target to $391, citing favorable risk/reward despite recent stock volatility.

UBS analyst Joseph Spak raised Tesla's price target slightly from $385 to $391 and maintained a Buy rating, highlighting a tactically favorable risk/reward setup. Tesla's stock, currently trading around $378, is driven more by investor sentiment about future technologies like robotaxis and AI than by current earnings, which recently missed estimates. The call is a near-term signal based on improving delivery numbers and bullish options activity, but the stock remains vulnerable to sentiment shifts, especially given weak margins and negative free cash flow. Investors should watch upcoming earnings for signs of fundamental improvement to support the rally.

As of Oct 07, 2026 20:52 WIB, Tesla shares on Pluang are priced at USD 377.15, showing a slight decline of 0.93% over the day. The stock's market capitalization stands at $1.50 trillion, with a high trading volume of 27,702,813 shares. Notably, Pluang order activity leans heavily towards selling at 71%, indicating cautious sentiment among investors despite the analyst's bullish outlook.

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