Elon Musk Announces Completion of Tesla's 'Master Plan Part Deux' Next Year, Vows for a More Streamlined Part 4

Written by Emily J. Thompson, Senior Investment Analyst

TSLA.O+2.7%

Source: Benzinga

Updated: Sep 01 2025

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Source: Benzinga

Tesla's Future Plans

Musk's Announcement: Elon Musk revealed plans for "Tesla Master Plan Part Deux," expected to be completed by 2026, emphasizing a more concise approach for future plans compared to the complex "Master Plan 3."
Vision for Sustainability: The overarching goal remains to transition the global economy to 100% clean and renewable energy by 2050, with Tesla positioned as a key player in this transformation.

Challenges in Sales

Declining Sales in Key Markets: Tesla is currently experiencing a slump in sales, particularly in China, where the EV market share has exceeded 50% for five consecutive months.
European Market Struggles: In July 2025, Tesla's European sales dropped 40% year-over-year to 8,837 units, with market share decreasing from 1.4% to 0.8%. For the first seven months of 2025, total sales were 119,013 units, reflecting a 33% decline compared to the same period in 2024.

Performance Metrics

Benzinga's Edge Rankings: Tesla ranks in the 88th percentile for momentum and 75th percentile for growth, indicating strong performance metrics despite current sales challenges.
Stock Performance: As of the latest data, Tesla's stock is priced at $333.86, reflecting a decrease of 3.50%.

Historical Context

Previous Plans and Promises: Musk's history of ambitious plans includes the removal of the "Secret Master Plan" from Tesla's website in 2024, which had outlined environmental goals and production strategies, signaling a shift in Musk's approach to climate change.

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Analyst Views on TSLA

Wall Street analysts forecast TSLA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TSLA is 384.14 USD with a low forecast of 19.05 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

34 Analyst Rating

14 Buy

10 Hold

10 Sell

Hold

Current: 446.890

Low

19.05

Averages

384.14

High

600.00

Current: 446.890

Low

19.05

Averages

384.14

High

600.00

Morgan Stanley

Andrew Percoco

Overweight -> Equal Weight

downgrade

$410 -> $425

2025-12-07

Reason

Morgan Stanley

Andrew Percoco

Price Target

$410 -> $425

2025-12-07

downgrade

Overweight -> Equal Weight

Reason

Morgan Stanley analyst Andrew Percoco downgraded Tesla to Equal Weight from Overweight with a price target of $425, up from $410, after assuming coverage under a new analyst. The firm sees Tesla becoming a market leader across autonomous mobility, renewable energy, and robotics. However, with the shares at trading at 30-times estimated 2030 EBITDA and potential downside to consensus estimates in the near-term, Morgan Stanley prefers to await a better entry point. Morgan Stanley's 2026 auto volume forecast for Tesla is now 13% below consensus due to a more cautious electric vehicle industry outlook. It also believes Tesla's "non-auto catalyst path" is already priced into the shares.

Mizuho

Vijay Rakesh

Outperform

maintain

$485 -> $475

2025-11-25

Reason

Mizuho

Vijay Rakesh

Price Target

$485 -> $475

2025-11-25

maintain

Outperform

Reason

Mizuho analyst Vijay Rakesh lowered the firm's price target on Tesla to $475 from $485 and keeps an Outperform rating on the shares. The firm reduced estimates for Tesla citing weaker electric vehicle markets in China and the U.S. The company also faces potential posing headwinds for analog in 2026, the analyst tells investors in a research note. Mizuho believes China could see electric vehicle demand headwinds as the government reduces subsidies by 50% in 2026.

Stifel

Buy

maintain

$483 -> $508

2025-11-17

Reason

Stifel

Price Target

$483 -> $508

2025-11-17

maintain

Buy

Reason

Stifel raised the firm's price target on Tesla to $508 from $483 and keeps a Buy rating on the shares. After "strong" Q3 sales, the firm expects some headwinds for auto sales following the expiration of the U.S. EV tax credit, but the firm also believes Tesla is making strong progress on FSD and Robotaxi, both of which it view as critical to value creation. The firm is raising its price target based on its sum-of-the-parts analysis, the analyst noted.

BofA

Neutral

maintain

$341 -> $471

2025-10-29

Reason

BofA

Price Target

$341 -> $471

2025-10-29

maintain

Neutral

Reason

BofA raised the firm's price target on Tesla to $471 from $341 and keeps a Neutral rating on the shares. The firm cites its sum-of-the-parts analysis for the target hike. The higher target reflects a lower cost of equity capital, Tesla's better robotaxi progress, and a higher valuation for Optimus given the potential entrance into international markets, the analyst tells investors in a research note. BofA views Tesla as the leader in physical artificial intelligence but says the stock's valuation is "stretched."

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About TSLA

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.

About the author

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Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.