03:15 PM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to $320 from $260, based on a 2026 P/E of 110x, a slight discount to TSLA's 10-year average forward P/E of 114x. Our adjusted EPS estimates remain $2.00 for 2025 and $2.90 for 2026. TSLA shares have rebounded sharply in the four weeks since the company reported Q1 earnings, which we think reflects multiple expansion from a combination of factors: Elon Musk taking a step back from DOGE, easing recessionary risk, the U.S. Transportation Department's unveiling of an autonomous vehicle framework, and the anticipated launch of a limited robotaxi service in the Austin, Texas market. We remain concerned about EV market share losses in the near term (particularly in Europe) but think the shares may continue to fund support from optimism related to its future product pipeline and longer-term earnings potential. With TSLA shares currently trading at a slight premium to historic forward-year averages, we maintain a Hold.