HSBC Raises Tesla Price Target to $157 While Maintaining Reduce Rating

HSBC analyst Michael Tyndall raised the firm's 12-month price target on Tesla to $157 from $125 while reiterating a Reduce rating. The revised target remains well below Tesla's recent closing price of approximately $370, reflecting valuation concerns given a price-to-earnings ratio of 345, margin pressures, and global EV demand trends. The update follows mixed third-quarter operational results, where vehicle deliveries reached 486,532 to beat consensus by roughly 7%, while production of 464,391 vehicles and energy storage deployments of 13.7 GWh both missed analyst forecasts.