JPMorgan Lifts Tesla Target 227% as Wall Street Turns Bullish

On June 10, JPMorgan's 227% Tesla price-target hike to $475 highlighted a broader Wall Street shift, with Goldman Sachs, Bernstein and Evercore also turning more bullish. The upgrade, first announced June 8 after a new analyst took coverage, moved the rating to Neutral from Underweight and framed Tesla as an AI and robotics platform rather than an automaker. Skeptical June 9 reports questioned the timing ahead of JPMorgan's role in the June 12 SpaceX IPO, noting Tesla still trades near 200x forward earnings despite improving Q1 margins and 1.3 million FSD subscribers. Revenue is projected to more than double by 2030.