Tesla Stock Faces $400 Milestone as Musk Unveils SpaceX Roadster, How Much Higher Can TSLA Rally?

• Elon Musk unveiled the next-generation Tesla Roadster with SpaceX technology, with production expected in 2028
• Jefferies raised its Tesla target price to $400 while maintaining a Hold rating
• MarketCapOf’s ROI Tool estimates a potential 24.31% return if Tesla stock rises from $362 to $450

Tesla stock is once again gaining key market attention. The primary reason for this is the new Tesla Roadster reveal by Elon Musk. The reveal comes as analysts assess the next possible TSLA price move. Leading firm Jefferies has already set a $400 Tesla target price. Can Tesla stock go higher than this?

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Elon Musk Unveils SpaceX Roadster

Elon Musk has finally revealed a new Tesla car, developed with SpaceX technology. Tesla demonstrated the mechanisms of the Tesla Roadster in a new video uploaded on X, in which the car uses thrusters and other systems to perform unusual maneuvers. The company also showed how the vehicle could reach 0 to 60 mph in under one second, a claimed performance figure that has yet to be independently verified. Production is expected to begin in 2028, although the timeline could change.

The unveiling of the Tesla Roadster is Musk’s attempt to diversify the firm’s manufacturing capabilities. At the same time, the reveal has put Tesla stock back into focus, with investors keenly awaiting how the new development may affect the stock price.

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Tesla Stock Target By Jefferies And TipRanks

Prior to the reveal, Jefferies set a new Tesla stock target. According to the firm, Tesla stock could hit $400, driven by resilient vehicle deliveries and improving prospects for its businesses beyond cars. The firm also maintained a Hold rating for the stock.

At the same time, TipRanks forecasts an average 12-month target of $404.87 for TSLA stock price, with a high of $550.00 and a low of $24.86. The forecast is based on 27 Wall Street analysts’ price targets issued over the past three months.

The average price target for Tesla is 404.87. This is based on 27 Wall Streets Analysts 12-month price targets, issued in the past 3 months.The highest analyst price target is $550.00 ,the lowest forecast is $24.86. The average price target represents 11.71% Increase from the current price of $362.44.

TipRanks also gives Tesla a Moderate Buy rating, based on 14 Buy, 11 Hold, and 2 Sell ratings.

The TipRanks analysts have also issued a Moderate Buy call for the stock.

MarketCapOf’s calculator tool shows how a $1,000 investment in Tesla stock could generate a $243.09 profit, or a 24.31% return, if the share price rises from $362 to $550. This would bring the total investment value to $1,243.09, excluding fees. The analysis uses Tesla X (TSLAX), a blockchain-based version of Tesla stock designed to track the price of the underlying Tesla shares. This gives readers another way to follow Tesla’s price movements through a tokenized asset

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