Tesla Shares - analyst note flags SpaceX proxy risk

Edited by ad hoc news Analyst & Consensus Desk. Verified prior to publication on 06/22/2026, 13:26 UTC. Details in the imprint.

Tesla (US88160R1014) starts Monday with a fresh analyst call on the stock. Investing.com reports that Jefferies cut its target to $375 and kept a Hold rating.

What Jefferies changed

Investing.com says Jefferies sees Tesla increasingly as a proxy for SpaceX and reduced its target to $375. The note kept a Hold rating and argued that merger speculation can distort how Wall Street values TSLA.

The same report said Tesla traded at $394.73 ahead of Monday's open, below Friday's close of $400.49. That put the stock roughly 6% above the Jefferies target in the cited session setup.

Monday's analyst tone

Monday's focus is analyst sentiment and consensus. That matters for Tesla because rating changes can move attention faster than product news, especially when the call centers on valuation rather than deliveries.

Investing.com also quoted the firm as saying consensus expectations around a merger may already be affecting the shares. That is the central Monday angle in the current news flow.

What the company sells

Tesla makes electric vehicles and energy storage systems, with Automotive and Energy Generation and Storage as its core segments. The company also sells regulatory credits, services, insurance, parts, and retail merchandise, according to its business description on Longbridge.

Where the stock trades today

Tesla shares trade on Nasdaq at $394.73 as of 06/22/2026, 07:10 AM Eastern. The reference point comes from the pre-market quote cited by Investing.com and is used here as the current price snapshot.

This article was AI-assisted and editorially reviewed. Price and company data without warranty; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Trading securities involves risk up to total loss of capital.