It has been about a month since the last earnings report for Tesla (TSLA - Free Report) . Shares have added about 8% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Tesla due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Tesla, Inc. before we dive into how investors and analysts have reacted as of late.
Tesla Q1 Earnings MissTesla reported second-quarter 2026 adjusted earnings of 33 cents per share, which declined 17.5% year over year. The figure missed the Zacks Consensus Estimate of 50 cents by 34%.
Revenues advanced 25.5% to $28.24 billion and surpassed the consensus estimate of $25.81 billion by 9.41%. Record second-quarter vehicle deliveries and growth across the energy and services businesses supported the top line. Deliveries increased 25% to 480,126 vehicles.
Revenue Growth Broadens Across BusinessesAutomotive revenues rose 23% year over year to $20.52 billion. Automotive sales increased to $20.01 billion from $15.79 billion, while leasing revenues declined to $364 million from $435 million. Regulatory credit revenues fell sharply to $146 million from $439 million.
Energy Generation and Storage revenues grew 13% to $3.14 billion. Services and Other revenues jumped 50% to $4.58 billion, reflecting higher activity across used vehicles, Supercharging, service centers and insurance. Higher Full Self-Driving subscriptions also aided automotive ancillary sales.
Deliveries Set RecordTesla produced 451,758 vehicles, up 10% from the prior-year quarter. Model 3/Y production increased 12% to 442,936 units, while production of other models declined 34% to 8,822 units.
Model 3/Y deliveries rose 25% to 467,762 vehicles, while other-model deliveries increased 19% to 12,364 units. Global vehicle inventory improved to 15 days of supply from 24 days a year earlier. The company exited the quarter with its largest order backlog since 2023.
Software and Energy Metrics Gain MomentumActive paid FSD subscriptions increased 56% year over year to 1.48 million. Tesla achieved record FSD subscription additions and more than 55% of its North American deliveries included an FSD subscription at the time of purchase.
Energy storage deployments climbed 41% to 13.5 GWh, marking Tesla’s second-highest quarterly deployment volume. The company also expanded its charging network to 8,704 Supercharger stations and 82,357 connectors, representing increases of 18% and 17%, respectively.
Margins Contract as Expenses ClimbGross profit rose 23% to $4.75 billion, but the GAAP gross margin contracted 41 basis points to 16.8%. Operating expenses surged 47% to $4.35 billion, driven by research and development spending related to AI, Cybercab, Optimus and Tesla Semi, as well as higher stock-based compensation and selling and administrative costs.
Operating income declined 57% to $398 million, reducing the operating margin to 1.4% from 4.1%. Automotive gross margin excluding regulatory credits was 16.3% compared with 15% a year earlier and 19.2% in the preceding quarter.
Energy gross margin fell to 20.4%, partly due to a roughly $240 million warranty charge tied to vendor battery-cell issues and the absence of prior-quarter tariff benefits. Services and Other gross margin improved sequentially to a record 14.1%, supported by higher volumes and better fleet cost management.
Cash Flow Reflects Heavy InvestmentNet cash provided by operating activities increased 85% to $4.70 billion. However, capital expenditures more than doubled to $5.79 billion from $2.39 billion, resulting in negative free cash flow of $1.09 billion.
As of June 30, 2026, cash, cash equivalents and short-term investments totaled $43.52 billion, up 18% year over year but down $1.22 billion sequentially. Long-term debt and finance leases, excluding the current portion, were $7.92 billion.
Outlook Prioritizes AI and New ProductsTesla expects 2026 capital expenditures to exceed $25 billion and rise further over the next two to three years. Planned investments include Robotaxi fleet expansion, Optimus production capacity, semiconductor manufacturing, solar production and AI computing infrastructure.
Cybercab production has begun at Gigafactory Texas, while Tesla Semi and Megapack 3 remain scheduled to enter production in 2026. The company is installing first-generation Optimus production lines and expanding Robotaxi operations.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.
The consensus estimate has shifted -24.42% due to these changes.
VGM ScoresAt this time, Tesla has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock has a score of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Tesla has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerTesla belongs to the Zacks Automotive - Domestic industry. Another stock from the same industry, General Motors (GM - Free Report) , has gained 6.8% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
General Motors reported revenues of $48.03 billion in the last reported quarter, representing a year-over-year change of +1.9%. EPS of $3.57 for the same period compares with $2.53 a year ago.
General Motors is expected to post earnings of $3.37 per share for the current quarter, representing a year-over-year change of +20.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +4.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for General Motors. Also, the stock has a VGM Score of A.
The EV maker plans to soon launch its Cybercab in Austin, Texas, and got the nod to deploy thousands of vehicles in Nevada
Major autonomous-driving companies are getting ready to turn Las Vegas into a robotaxi battleground after Nevada gave three big players the OK to deploy more cars.
The Nevada Transportation Authority on Thursday approved Tesla TSLA, Uber Technologies UBER and Waymo to offer commercial robotaxi services in Clark County, which is home to Las Vegas and about 2.4 million people. Together, the companies are allowed to deploy as many as 7,000 self-driving vehicles in the county over the next 12 months.
Tesla is recalling just shy of 3 million vehicles in China as part of a nationwide effort to alert vehicle owners to hidden emergency door releases, which can trap occupants in the event of a crash or a fire.
Reuters reported on Friday that 11 carmakers in China are issuing recalls related to the problem. Nine manufacturers, including Tesla, will install warning labels on their vehicles that help occupants identify the emergency door releases. Xiaomi, Xpeng, and Geely brands Zeekr and Lynk & Co. are also recalling EVs. All 11 companies will also push software updates as part of the recall.
Manual door releases have become a problem in recent years as automakers like Tesla made electronic door latches the standard way of getting in and out of a car.
Electronic latches make it easier for owners to use their smartphone or an NFC tap card to open doors. But they can fail in the event of a collision. Automakers that use electronic latches typically install a manual handle that can be used in the event of an emergency, but these are often tucked away in unexpected places or hidden behind door panels.
Following a two-year review, China in February said it would ban hidden, electronically-actuated exterior door handles from 2027.
Late last year, the U.S.’s top automotive safety regulator opened an investigation into Tesla’s door-latching system after Bloomberg reporting put a spotlight on the issue. The agency is also looking at creating a new rule that could change the safety requirements for such systems. One lawmaker has even proposed legislation that would require manual releases to be “intuitive to use and readily accessible for the occupant.”
Tesla is not the only company that has leaned on hard-to-locate manual releases as a backup to electronic door latches. Rivian’s customers and employees raised concerns last year about the company’s own manual release on its R1 vehicles, which requires passengers to remove a panel and pull a cord. The company subsequently said it would move that release to a more accessible spot on the newer, cheaper R2, which launched this year.
In 2025, Ford briefly stopped sales of the Mustang Mach-E and issued a recall to reduce the chances of its electronic door latches malfunctioning if the vehicles lost power.
Tesla, which popularized the use of these flush exterior handles and electronic latches, has said it is working on redesigning its door handles moving forward.
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Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk. Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
You can contact or verify outreach from Sean by emailing [email protected] or via encrypted message at okane.01 on Signal.
ToplineChinese regulators on Friday ordered Tesla to fix nearly 3 million vehicles amid broader concerns about emergency door releases, marking the largest-ever automotive recall campaign in the market and Tesla’s biggest such action to date.
The recall is Tesla’s largest-ever
Getty Images
Key FactsChina’s State Administration for Market Regulation (SAMR) said in a statement Friday that Tesla would recall 973,156 Model 3 vehicles manufactured between March 4, 2019 and April 29, 2026, 1.96 million China-made Model Y cars made between Nov. 16, 2020 and April 30, 2026, as well as more than 35,000 imported Model 3s, 8,000 Model X and 2,000 Model S vehicles.
That recall, involving about 2.98 million vehicles, is Tesla’s largest-ever in any market.
Chinese regulators said the Tesla vehicles had emergency mechanical door releases that may be difficult to identify after a serious crash or after a power failure, and Tesla told SAMR it would install warning labels free of charge to identify the handles.
In a separate recall, SAMR told Tesla to fix 2.74 million China-made Model 3 and Model Y vehicles manufactured between March 2019 and December 2025 over a defect that caused the driver-monitoring system to fail to warn drivers to keep their eyes on the road.
Tesla said it would apply an over-the-air update to remedy the defect.
Surprising FactTesla has issued just five recalls in the U.S. so far this year, including a notice earlier this month for 20,000 vehicles with too-bright headlights. More than 218,000 Model 3, Model Y and Model S/X vehicles were recalled in May over a rear camera issue.
Key BackgroundElon Musk’s automaker has faced sustained regulatory pressure for years, though many recalls involving Tesla are often fixed through software updates. The National Highway Traffic Safety Administration is reportedly investigating 1.2 million Tesla vehicles over reports of suspension failure that could result in a “loss of vehicle directional control.” Tesla’s self-driving Autopilot system has also been linked to hundreds of crashes and dozens of deaths.
Further ReadingTesla Recalls 20,000 Cars For Too-Bright Headlights (Forbes)
Eleven carmakers, including Tesla (TSLA.O) and Xiaomi (1810.HK), launched software updates and vehicle recalls on Friday, the companies said, in China's largest-ever automotive recall campaign, as regulators tighten scrutiny of emergency door-release systems in EVs.
Most of the actions, classified as product recalls under Chinese regulations, address concerns that emergency mechanical door release handles may be difficult to locate or operate during emergencies.
Nine of the 11 automakers, including Tesla and Xiaomi, will install warning labels free of charge to identify the handles, while most will also deploy over-the-air (OTA) software updates.
The sweeping campaign comes as Beijing steps up oversight of the EV industry and introduces tougher safety requirements, as automakers roll out new technologies amid a fierce price war in the world's largest auto market.
Tesla would recall 2.98 million imported and China-made Model 3, Model Y, Model S and Model X vehicles from September 25, it told the State Administration for Market Regulation, according to the regulator's statement.
The U.S. automaker said mechanical emergency door-release handles may be difficult to identify following a severe collision and electrical system failure, potentially hindering occupants' escape or rescuers' access, the statement said.
Tesla's remedy includes warning labels and an OTA update that automatically lowers vehicle windows after a collision.
At least six car brands, including Tesla, Xiaomi, Leapmotor (9863.HK), Xpeng (9868.HK), Zeekr and Lynk & Co, announced their largest recalls on record on Friday, according to their filings to SAMR.
China is set to ban concealed or "hidden" door handles from 2027, becoming the first country to phase out a design popularised by Tesla and widely adopted by domestic EV makers.
The design, which allows doors to be opened using a key fob, smartphone or a press-operated mechanism, has attracted regulatory scrutiny in China and the United States over concerns that the handles may be difficult to access during emergencies.
As a macro trader whose career has featured numerous bold moves, Stanley Druckenmiller is one of the most respected figures in modern investing. As the former portfolio manager of George Soros's Quantum Fund, he helped orchestrate the 1992 short of the British pound -- a trade that generated a cool billion-dollar profit.
He later turned Duquesne Capital into an investing machine that delivered average annual returns near 30% with no down years before closing the fund in 2010 and shifting his priorities to his own family office. Investors pay close attention to Druckenmiller because of his uncanny pattern-recognition skills that have repeatedly identified inflection points ahead of the crowd.
Stanley Druckenmiller. Image source: Getty Images.
This makes his recent purchase of Tesla (TSLA -1.71%) call options -- a bet on a rising share price -- particularly interesting. Even as the stock plummets more than 20% so far this year and continues to trade at valuations that would make most traditional investors run for the hills, I can't help but think Druckenmiller sees something in Tesla that others are missing at the moment.
Image source: The Motley Fool.
Analyzing Tesla's valuation and the narrative behind it Tesla commands a market capitalization of almost $1.4 trillion. This translates into a trailing price-to-earnings (P/E) ratio of more than 300, while its forward-earnings multiple remains elevated in the 190 range. Tesla's price-to-sales (P/S) sits near 11.
TSLA PE Ratio data by YCharts.
By comparison, established auto manufacturers like General Motors and Ford trade at single-digit forward-earnings multiples and P/S ratios of less than 1. Even pure play electric-vehicle (EV) peers like BYD sport more modest valuation multiples, typically less than 20 times forward earnings and about one times sales.
Tesla's valuation premium exists entirely because investors are assigning substantial value to two nascent artificial intelligence (AI) ambitions: the Optimus humanoid robot and the Robotaxi driving network. In effect, investors are currently paying for the possibility that these efforts will generate substantial profits and network effects far beyond the economics of selling cars.
Where do Optimus and Robotaxi currently stand? Optimus remains firmly in the prototype phase. Although factory lines at Tesla's Fremont, California, facility are being installed after the decommissioning of older EV model production, build-outs for training data collection are still limited. For now, the robot is not a commercial product generating revenue.
Meanwhile, Robotaxi has finally moved beyond demonstration but has yet to deliver the disruptive scale Elon Musk long promised. According to Tesla's second-quarter earnings report, cumulative paid miles for Robotaxi climbed past 2.4 million. However, smart investors discovered that the pace of Robotaxi's growth actually flattened in recent months.
Image source: Tesla Investor Relations.
Quarterly additions stalled near 900,000 miles -- slipping even as the Robotaxi service expanded into additional metropolitan areas. Moreover, much of the active fleet still operates with safety monitors in the cars. What Musk once characterized as an imminent fleet of a million autonomous vehicles looks more like a carefully controlled pilot whose adoption has not accelerated with the optimistic rhetoric.
Why Druckenmiller's Tesla position could still pay off Despite Tesla's frothy valuation and the shortfalls of Robotaxi so far, Druckenmiller's decision to buy call options might still be defensible. I should note that his 13F filings do not specify which option chain Druckenmiller specifically bought. This means that his calls could be short-dated or stretch well into the future. Either way, I think the position will be profitable.
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My reasoning revolves around growth from Tesla's autonomous driving software. My suspicion is that Druckenmiller is ignoring any noise around Robotaxi and is counting more heavily on the scale and margin potential of Tesla's full self-driving (FSD) platform.
During Q2, active FSD users reached 1.48 million -- a 56% increase year over year. More than 55% of new deliveries in North America now include the FSD feature, which requires a subscription. This is important because the recurring revenue nature of FSD translates into software-like margins for Tesla, helping offset capital-intensive initiatives like Optimus and Robotaxi.
More importantly, the expanding base of FSD users feeds Tesla's proprietary data library. This helps the company accumulate real-world driving miles at a scale no competitor has yet to match, positioning Tesla as a potential first-mover with a durable competitive advantage in autonomous driving.
While I suspect Tesla stock will remain volatile for the time being, smart investors are looking beyond the company's AI vision and focusing more clearly on its established product lines. With FSD subscriptions fueling Services revenue, I think more investors will come to realize Tesla is quietly evolving beyond an EV manufacturer and finally -- albeit slowly -- becoming the tech-enabled platform long promised by Musk.
Further delays await the release of Tesla's Optimus humanoid robot. Production of Optimus robots will start "in the coming months" with commercial sales scheduled for the second half of 2027, according to a new note from JPMorgan Chase.
Earlier forecasts from Tesla planned for production to start this summer, with initial sales kicking off as early as the end of 2026. The new timeline came after JPMorgan analyst Rajat Gupta visited Tesla's Fremont, Calif., factory.
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Will SpaceX Follow In Tesla’s Footsteps? Kathy Donnelly Decodes The Post-IPO Chart
Is the SpaceX IPO a buy or a late bloomer in the making? Kathy Donnelly, trader and co-author of “The Lifecycle Trade”, analyzes the post-IPO volatility and compares the current chart to Tesla’s early trading days.
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Tesla (TSLA) stock was down 1.7% on Thursday, according to MarketSurge.
The official unveiling of the Tesla Optimus 3 robot will take place close to the start of production to ensure competitors wouldn't be able to copy its designs, according to Gupta. The cost, capabilities and scale of the following model, the Optimus 4, will be determined based on "Gen 3 field experience," he added.
Optimus Production Timeline
The Fremont factory began converting production lines to make Optimus robots earlier this year after Tesla discontinued its Model S and Model X.
Tesla has repeatedly delayed the start of production. In January 2025, Musk forecast "roughly 10,000 Optimus robots" would be built by the end of that year.
An Optimus 3 unveiling was later expected in Q1 2026, though it wasn't expected to be a fully finished product.
In March, Musk said production would start in the summer. By early July, production was scheduled for between late July and August. During Tesla's second-quarter earnings call in late July, Musk refrained from offering a concrete start date, saying production would begin "soon."
"I really want to emphasize here that the production scaling challenge is very substantial," Musk said during an investor call. "This is going to be the hardest product to scale manufacturing that we've ever made at Tesla because everything on the robot is new. And the difficulty of scaling the production ramp is proportionate to the newness of the parts in the robot."
When Musk and team failed to provide any concrete update on Optimus and robotaxis during Tesla's most recent earnings report, the stock tanked. Investors have built a significant portion of their valuations around the eventual success of Tesla's humanoid robot business. In March, Bank of America valued Tesla's future Optimus business at around $30 billion. Meanwhile, Morgan Stanley believes Optimus will be worth up to $180 billion.
Tesla Stock
Tesla stock took a beating in late July when it plummeted 14.5% in a single day following a poorly received earnings call. Investors had been clamoring for progress on Optimus, robotaxis and self-driving software. Instead, Musk demurred, even as Tesla burned cash amid heavy capital spending that is expected to increase. The lack of any concrete timelines sent the stock tumbling close to 18% that week.
Shares haven't recovered since then. However, TSLA is on course for three straight weeks of gains, though it's only up a fraction as of Thursday afternoon.
Tesla stock is down about 23% this year.
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Market Flashes This Bearish Signal; Walmart, SpaceX Tumble
There aren't too many investors better than David Tepper.
Tepper worked at Goldman Sachs for seven years, starting in 1985. He then founded his own fund, Appaloosa Management, in 1993. From 1993 to 2019, Appaloosa generated average annual returns of 25%, putting it in a league with the great Warren Buffett.
In 2019, Tepper converted Appaloosa into a family fund, which he still runs today. In the second quarter, Appaloosa exited its stake in Sandisk and initiated a new position in a company that some Wall Street experts think could one day be worth $10 trillion.
David Tepper. Image source: Getty Images.
Exiting Sandisk: Fading memory In Q2, Appaloosa sold its nearly $179 million position in the NAND flash memory maker Sandisk.
Memory stocks, which supply data to graphics processing units (GPUs) that handle artificial intelligence inference, have delivered incredible performance this year. That's because demand for memory has become constrained as GPU clusters and data centers have scaled.
Sandisk makes NAND flash memory, which is less expensive, longer-term storage that can retain data even when a system's power is off. In data centers, NAND is typically used to store massive data sets that can be quickly loaded into the GPUs.
SNDK data by YCharts.
Analysts and experts have previously estimated that NAND supply will be constrained until the second half of 2027, which has led to higher prices for companies like Sandisk. According to Counterpoint Research, Sandisk controlled roughly 13% of global market share, based on revenue, in the first quarter of 2026.
Memory stocks typically trade at low multiples because they are considered cyclical. When supply is constrained, the memory companies work hard to catch up to demand. But when they do, demand typically fades, leading to a supply glut.
Some investors believe the AI supercycle has fundamentally changed the memory industry, whereas others believe history is bound to repeat itself. Tepper appears to be in the latter group and sold Sandisk after an incredible Q2.
Buying an AI stock with the potential to excel At the end of Q2, Appaloosa disclosed a nearly $38.5 million position in Space Exploration Technologies Corp. (SPCX -4.05%), holding 225,000 shares.
It's unclear whether Tepper and his team bought the stock in SpaceX's initial public offering or on the open market. Appaloosa buys plenty of AI stocks, so it's understandable why the fund would be interested.
SpaceX is a highly debated stock, given that it raised nearly $86 billion in the largest IPO ever. With a current valuation closing in on $2 trillion, some analysts think the company is grossly overvalued, while others suggest SpaceX could be worth $10 trillion one day.
In late July, Raymond James analyst Brian Gesuale issued a strong buy rating and an $800 price target, implying a valuation of over $10 trillion. Gesuale's thesis is built on the idea that SpaceX's super-heavy-lift, fully reusable rocket, Starship, will be able to conduct flights weekly and perhaps even daily.
Gesuale compares this potential innovation to railroads or the internet, with Starship eventually being able to cut orbital delivery costs by about 99%. This would pave the way for much of SpaceX's ambitions in space, including orbital data centers, which could quickly take significant market share in AI compute.
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Another big believer in SpaceX is the billionaire hedge fund manager Ron Baron, whose fund has already made a fortune by backing SpaceX CEO Elon Musk through investments in Tesla and SpaceX.
Baron Capital invested heavily in SpaceX in the private markets, and the stock now represents over 30% of Baron Capital's total $69 billion in assets under management as of June 30.
Baron thinks there is no one like Musk. He estimates that SpaceX's terrestrial data centers cost about half of what other data center companies are building, and have been completed in one-third of the time.
Baron's estimates for SpaceX down the line range from $10 trillion to $40 trillion.
Based on Appaloosa's smaller position in SpaceX, which currently comprises 0.5% of the portfolio, Tepper does not appear to be all in yet. However, he clearly sees enough potential to take a chance at it, or enough hype to take a shorter-term position.
The Cybercab is no longer a prototype. Tesla (TSLA -1.71%) listed the start of Cybercab production at Gigafactory Texas among its second-quarter operational highlights, and its capacity table now shows the line built to make more than 125,000 vehicles a year.
Employee rides began on the factory campus in July. And Electrek reports that the first public rides in Austin could begin before the end of this month.
The two-seat vehicle, which has no steering wheel or pedals, is the most tangible piece yet of Tesla's plan to turn itself into an autonomy company. But readiness and revenue are different things. Work through what the program can produce and collect over its first full year, and I put the total below 5% of Tesla's revenue -- probably well below.
That matters because Tesla could use a new growth engine. Annual revenue went from $96.8 billion in 2023 to $97.7 billion in 2024 to $94.8 billion in 2025, two flat years and then a down year. Growth has since returned, with second-quarter revenue up 26% year over year to $28.2 billion and trailing-12-month revenue crossing $100 billion for the first time.
How much of the next leg can Cybercab carry, and how soon?
Image source: Tesla.
A real line, with a disclosed capacityTesla built the first Cybercab in February, and production began during the second quarter. The company lists the line's installed capacity at more than 125,000 vehicles a year, alongside its own caution that installed capacity is not the same as the current production rate.
Management, however, has said battery pack capacity remains the main limiting factor on near-term vehicle production volume.
Deployment is early, too. Tesla's Robotaxi service operates in seven metro areas, and the company describes even the Austin operation as still ramping. The Cybercab units coming off the line so far have gone to engineering test drives and those employee rides. The paying fleet in Austin is still made up of Model Y vehicles -- 186 of them registered for the service, by Electrek's count -- with Cybercab's public debut still ahead.
Even the 125,000-vehicle case is about 4%Suppose the line runs at 125,000 vehicles for 12 straight months, and every car is sold to customers at just under $30,000, the price target CEO Elon Musk has attached to the vehicle since unveiling it. That's under $3.8 billion of revenue, or about 4% of Tesla's $94.8 billion in 2025 revenue.
To clear 5%, or roughly $4.7 billion, the same line would need to deliver about 158,000 vehicles at that price -- roughly a quarter more than the capacity Tesla has disclosed. Or the average selling price would need to approach $38,000, well above the number that is the product's whole pitch.
The fare-collecting path is slower still. Tesla has said deployments will reflect allocation decisions between selling vehicles to customers and keeping them for its own Robotaxi fleet. A car Tesla keeps, of course, generates fares rather than a sale price.
Say each deployed Cybercab grosses $50,000 a year in fares, a generous figure for a fleet this young. Cars get built and deployed throughout the year, so on average perhaps half the year's output is on the road at any given time. That works out to about $3 billion at the very most, below even the 125,000-vehicle sales case. The realistic version is far smaller.
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Three ways the call breaksThe prediction fails only if one of three things happens: output runs well beyond the 125,000 vehicles Tesla discloses, whether from the Texas line itself or a second one reaching volume within the year -- and no additional line is listed in Tesla's current capacity table. Or Cybercab sells for meaningfully more than $30,000, contradicting its positioning. Or Tesla deploys the whole output into paid service essentially immediately, at full utilization, across metro areas where the service is not yet running.
None of that is in the company's own disclosures today. Meanwhile, the spending arrives first either way. Capital expenditures more than doubled year over year in the first half of 2026, to $8.3 billion, and operating margin thinned to 1.4% in the second quarter.
This prediction isn't pessimism about the product. Cybercab may well become the workhorse of Tesla's Robotaxi fleet, as the company intends. And at about 175 times what the company is expected to earn over the next 12 months, the stock is priced as if it will. The first full year is simply too small to move a company with $100 billion of revenue. The line Tesla has built so far can only make so many cars.
Key Takeaways Tesla secured a 500-Semi order from Einride, its largest order yet for the all-electric Class 8 truck.Einride plans September deliveries, with the remaining trucks arriving in phases over the next two years.Tesla expects a gradual Semi ramp in 2026 before momentum picks up in 2027. Electric vehicle (EV) and tech giant Tesla (TSLA - Free Report) has secured its largest order yet for the all-electric Class 8 Semi, with Sweden-based trucking firm Einride ordering 500 units.
Einride plans to integrate the Tesla Semis into its Saga AI fleet intelligence platform, which helps companies adopt electric freight without having to manage the trucks and related operations themselves. The trucks will be deployed across California, New Jersey, Texas, Illinois and Georgia, serving major shippers like Amazon (AMZN - Free Report) . The first deliveries are expected in September, with the remaining trucks arriving in phases over the next two years.
For Einride, the order would increase its electric truck fleet from roughly 250 vehicles to about 750, per Electrek. More importantly, the company expects the deal to turn up to $800 million in projected long-term annual recurring revenue from shipper agreements into realized income.
The deal also builds on Einride’s growing presence in the U.S. freight market. In April, Einride agreed to deploy 75 electric heavy-duty trucks for Amazon’s Relay freight network and provide charging infrastructure across five U.S. locations. It also acquired EV-charging software company Flipturn, expanding its ability to offer customers an integrated package of electric trucks, charging and fleet-management technology.
A Major Validation for Tesla’s SemiEinride’s order of 500 Semis is a positive for Tesla’s push into commercial trucking, but it is also a reminder of how long and uncertain the Semi’s journey has been. Tesla first introduced the Semi concept back in 2017. But turning it into a mass-produced product has taken far longer than expected. Delays linked to the pandemic, global supply chain disruptions and challenges in battery production slowed progress. While a limited number of units were finally handed over to early customers like PepsiCo in 2022, large-scale manufacturing still did not materialize.
It was only in April 2026 that the Semi began rolling off Tesla’s high-volume production line in Nevada. But the company has already cautioned that the production ramp-up will be gradual this year before picking momentum in 2027.
In May, U.S.-based WattEV placed an order for 370 Semis, indicating that interest from logistics and freight operators is gradually building. While still early, these commitments suggest that commercial confidence in the Semi is improving, even if execution risks remain high.
Is This the Breakout Moment for Tesla’s Semi?Yes, the deal with Einride is huge and demonstrates real commercial demand and creates an opportunity for Tesla to finally scale the Semi. Tesla has the capital and manufacturing expertise to pursue a scale advantage that many electric-truck startups cannot easily match.
But let’s not forget that Tesla has a long history of ambitious production timelines that were pushed back, and battery availability remains a key constraint. Until Tesla proves it can deliver these trucks consistently and economically, the deal should be viewed as an encouraging milestone rather than a reason for outright optimism.
TSLA Price Performance, Valuation & EstimatesShares of Tesla have declined 22% year to date, underperforming the industry.
Image Source: Zacks Investment Research
From a valuation standpoint, TSLA trades at a forward price-to-sales ratio of 12.21, above the industry and its own five-year average. It carries a Value Score of F.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for Tesla’s 2026 and 2027 EPS implies year-over-year growth of 8% and 32%, respectively. The EPS estimates have been revised downward in the past 60 days.
Image Source: Zacks Investment Research
TSLA stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Two Wall Street firms offered competing views of Tesla's robotaxi service — one bullish, one bearish — while Elon Musk's company prepares to launch its recently released Tesla Semi truck in Europe. Tesla stock dropped early Thursday, reversing gains from earlier in the week, according to MarketSurge.
Investors and analysts have closely monitored the state of Tesla's robotaxi service. For bulls, the robotaxi is one of Tesla's most futuristic and eventually lucrative products, alongside its Optimus robots and self-driving software. For the bears, it's yet another example of hype preceding concrete product releases.
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Tesla Waiting For Cybercab To Lead Robotaxi Charge
For now, Tesla's robotaxi service only offers unsupervised rides in six Texas and Florida cities. (San Francisco offers supervised rides). Its fleet still pales in comparison to that of industry leader Waymo. That may be due to an intentional decision on Tesla's part, according to JP Morgan.
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"Tesla indicated it is intentionally holding back on adding Model Y units to the robotaxi fleet, expressing confidence in its ability to scale Cybercab in the near term," according to a research note from analyst Rajat Gupta following a tour of Tesla's Fremont factory.
Tesla's Cybercab is its robotaxi-specific model that doesn't have a steering wheel or pedals. Production began earlier this year. There are some indications that the Cybercab is nearing its debut. In recent weeks, units have been spotted in test drives on public roads and first responders in Texas have held training sessions for the new vehicles.
The Cybercab would be just the first robotaxi-specific model, according to JPMorgan's note. Future cars could include the likes of the "robovan" shown during a demo in October 2024.
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Alongside the rollout of the physical Cybercab, Tesla is also working on the latest version of its Full Self-Driving (FSD) software that would operate the cars. "FSD V15 is seen as the primary gateway to scaling unsupervised FSD," Gupta wrote, referencing the upcoming version of the software.
JPMorgan maintained its neutral rating and $445 price target on Tesla (TSLA) stock, which implies a 27% increase from Wednesday's closing price.
Bears Shrug Off Cybercab's Debut
On the other side of the investment spectrum was longtime Tesla bear GLJ Research, which downgraded the stock to a sell rating. The firm said it saw little substance behind the Cybercab preparations, according to TheFly.com. Reports of a possible Cybercab launch as soon as this month were little more than a promotional event for a product that "does not yet exist," in GLJ's view.
The firm didn't view an upcoming Cybercab launch as a milestone for Tesla, but rather a demonstration of its still limited robotaxi service, according to TheFly.
GLJ believes Tesla stock will fall below $200 a share later this year. Analyst Gordon Johnson has a price target of $24.86 on Tesla. That points to a drop of more than 90% from its current level.
Tesla stock is down a little over 20% in 2026, according to MarketSurge.
Tesla Semi-Truck Headed To Europe
As the debate swirls around the Cybercab, Tesla is preparing to expand the reach of another one of its new products: the Semi truck.
Released earlier this year in the U.S. after a roughly nine-year wait, the Tesla Semi truck is now headed to Europe, according to an X post by the company. The exact specs of the European version of the Tesla Semi truck will be released at the IAA Transportation trade fair in Hannover, Germany, the post added.
Earlier this week, Tesla announced an agreement with the Swedish company Einride (ENRD) to deploy 500 Semi trucks to the latter's freight fleet of EVs.
Tesla first shared designs for the Semi truck in 2017. However, it wasn't until 2022 that the first pilot units made their way to customers. Mass production of Tesla Semi trucks didn't start until April.
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Baron Focused Growth Fund Retail Shares (BFGFX - Free Report) has been performing poorly of late. The fund’s Net Asset Value (NAV) as of August 2026 is $62.97. The return for BFGFX was down 8.7% last month and down 1.9% year to date. For the last 3 months and 6 months, the return for BFGFX was up 1.4% and 1.7%, respectively. Lastly, the 1-year return for BFGFX is up 13.1%.
The exposure to Space Exploration Technologies Corp. (SPCX - Free Report) in the fund held up well in the second quarter. SPCX contributed 9.97% to BFGFX’s quarterly returns as SpaceX went public. Thus, the fund's recent weakness has been caused primarily by factors beyond SpaceX.
The poor returns from BFGFX could be due to its concentrated portfolio, which makes it highly sensitive and volatile. BFGFX had a 0.75 beta versus the S&P 500, meaning it has historically been less volatile than the broader U.S. market. BFGFX holds a concentrated position in SpaceX, with the three holdings in this company making up 21.21% of total assets in the fund, while Tesla, Inc. (TSLA - Free Report) and MSCI Inc. (MSCI - Free Report) represented 6% and 5.5%, respectively. Therefore, the fund’s performance will be extremely sensitive to large movements in its largest holdings.
BFGFX carries a Zacks Mutual Fund Rank #3 (Hold), pointing to a cautious near-term outlook. Mutual funds, in general, reduce transaction costs and diversify portfolios without an array of commission charges that are mostly associated with stock purchases (read more:Mutual Funds:Advantages, Disadvantages, and How They Make Investors Money).
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Cary Street Partners Financial LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 33.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,307 shares of the electric vehicle producer’s stock after buying an additional 3,615 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Tesla were worth $6,018,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. SilverOak Wealth Management LLC boosted its position in shares of Tesla by 2.3% in the fourth quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock worth $502,000 after buying an additional 25 shares during the period. Boston Trust Walden Corp lifted its position in shares of Tesla by 0.7% in the fourth quarter. Boston Trust Walden Corp now owns 3,385 shares of the electric vehicle producer’s stock worth $1,522,000 after purchasing an additional 25 shares in the last quarter. Cape ANN Savings Bank grew its position in Tesla by 2.6% during the fourth quarter. Cape ANN Savings Bank now owns 974 shares of the electric vehicle producer’s stock valued at $438,000 after purchasing an additional 25 shares in the last quarter. Marks Group Wealth Management Inc increased its stake in Tesla by 1.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 1,512 shares of the electric vehicle producer’s stock valued at $680,000 after buying an additional 25 shares during the period. Finally, Clear Trail Advisors LLC lifted its position in Tesla by 1.6% in the 1st quarter. Clear Trail Advisors LLC now owns 1,628 shares of the electric vehicle producer’s stock worth $605,000 after buying an additional 25 shares in the last quarter. 66.20% of the stock is owned by institutional investors.
Insider Transactions at Tesla In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.
Trending Headlines about Tesla Here are the key news stories impacting Tesla this week: Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win Tesla Trading Up 4.2% NASDAQ TSLA opened at $351.12 on Thursday. The stock has a market capitalization of $1.39 trillion, a P/E ratio of 325.11, a P/E/G ratio of 17.01 and a beta of 1.83. The business has a 50 day simple moving average of $367.57 and a 200 day simple moving average of $388.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The business had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current year.
Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on the company. Truist Financial set a $370.00 price target on Tesla and gave the company a “hold” rating in a research note on Thursday, July 23rd. Citigroup assumed coverage on Tesla in a research note on Thursday, July 9th. They issued a “market perform” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Tesla in a research report on Friday, June 5th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft set a $420.00 target price on shares of Tesla in a research note on Monday, July 27th. Finally, Evercore upgraded shares of Tesla from a “hold” rating to an “outperform” rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $401.74.
View Our Latest Analysis on Tesla
Tesla Profile (Free Report)
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
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AA Financial Advisors LLC decreased its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,641 shares of the electric vehicle producer’s stock after selling 1,475 shares during the period. Tesla accounts for 1.2% of AA Financial Advisors LLC’s portfolio, making the stock its 18th largest position. AA Financial Advisors LLC’s holdings in Tesla were worth $10,364,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new position in shares of Tesla during the second quarter valued at $26,000. Davidson Capital Management Inc. raised its position in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares in the last quarter. Friedenthal Financial lifted its stake in shares of Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after acquiring an additional 30 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the 3rd quarter worth approximately $30,000. Finally, Texas Capital Bancshares Inc TX bought a new position in shares of Tesla in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla Trading Up 4.2% Tesla stock opened at $351.12 on Thursday. The firm has a market cap of $1.39 trillion, a price-to-earnings ratio of 325.11, a price-to-earnings-growth ratio of 17.01 and a beta of 1.83. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm’s 50 day moving average price is $367.57 and its two-hundred day moving average price is $388.09. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to the consensus estimate of $26.42 billion. During the same period in the prior year, the business earned $0.33 earnings per share. The business’s revenue was up 25.5% compared to the same quarter last year. On average, research analysts predict that Tesla, Inc. will post 0.88 EPS for the current fiscal year. Wall Street Analysts Forecast Growth Several equities research analysts recently commented on TSLA shares. Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Zacks Research raised Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Glj Research reiterated a “sell” rating on shares of Tesla in a research report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, July 23rd. Finally, President Capital upped their price objective on Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and a consensus price target of $401.74.
Get Our Latest Stock Analysis on Tesla
Insider Transactions at Tesla In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.
Key Headlines Impacting Tesla Here are the key news stories impacting Tesla this week:
Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win Tesla Company Profile (Free Report)
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
Recommended Stories Five stocks we like better than Tesla Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).
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Diversified Trust Co. reduced its stake in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,532 shares of the electric vehicle producer’s stock after selling 9,843 shares during the quarter. Diversified Trust Co.’s holdings in Tesla were worth $17,889,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Davidson Capital Management Inc. grew its stake in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX bought a new position in Tesla in the 3rd quarter worth about $31,000. Friedenthal Financial boosted its stake in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Finally, Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla Stock Performance Shares of TSLA opened at $351.12 on Thursday. The firm has a market capitalization of $1.39 trillion, a P/E ratio of 325.11, a PEG ratio of 17.01 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The business has a fifty day moving average of $367.57 and a 200 day moving average of $388.09.
Tesla (NASDAQ:TSLA – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm’s revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year. Analyst Ratings Changes Several research analysts have issued reports on TSLA shares. BMO Capital Markets began coverage on shares of Tesla in a report on Monday. They issued an “outperform” rating for the company. Citizens Jmp initiated coverage on shares of Tesla in a research report on Thursday, July 9th. They set a “market perform” rating for the company. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Phillip Securities lowered their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating on the stock in a research report on Wednesday, May 13th. Finally, BNP Paribas Exane downgraded Tesla from a “hold” rating to an “underperform” rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $401.74.
Read Our Latest Analysis on TSLA
Insider Activity In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.
Key Stories Impacting Tesla Here are the key news stories impacting Tesla this week:
Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win Tesla Profile (Free Report)
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
Further Reading Five stocks we like better than Tesla Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).
Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.
shares jumped 3% Wednesday as investors weighed a planned event tied to the company's autonomous Cybercab program.
The electric-vehicle maker is promoting an invitation-only gathering in Austin, Texas, where it is expected to showcase the steering-wheel-free vehicle. Customers using Tesla's existing robotaxi service in the city through Aug. 23 can enter a drawing for invitations, with winners due to be selected Aug. 25.
Tesla is also preparing for an initial Cybercab rollout in Austin. Reports indicate employees could be among the first riders on public roads before the service expands to a broader customer base.
Investors may be looking beyond event-related publicity for evidence that autonomous driving can generate meaningful revenue. The company's robotaxi ambitions remain a key part of its growth strategy, but execution and commercialization will likely remain central to the market's view of the program.
The Cybercab event could provide a near-term catalyst, but investors appear to want measurable progress in Tesla's autonomous business before assigning greater value to the opportunity.
Tesla (TSLA +3.40%) stock is struggling this year. Shares of the electric vehicle (EV) maker are down 23% thus far in 2026, recently falling to below $400. At a market cap of around $1.4 trillion, however, it's still among the most valuable companies in the world. And it's eyeing some monstrous growth opportunities involving robotaxis and humanoid robots.
Could the EV stock be a great buy while it's trading below $400?
Image source: Getty Images.
Why has Tesla's stock struggled so much this year? This year is shaping up to be Tesla's worst year since 2022, when its share price declined by 65%. The difference, however, is that back then, the stock market as a whole was doing poorly due to rising inflation; it wasn't just Tesla that was struggling. This time around, the markets have been hot, and Tesla's stock has remained in a tailspin.
Its problems, however, may not be much of a mystery. In fact, the issues plaguing the stock aren't new. Competition is up, margins are shrinking, and investors are concerned about Tesla's future growth. While it is focusing on robotaxis and plans to sell humanoid robots in the future, it could be years before those opportunities contribute significantly to its revenue, assuming they do at all, as there is no shortage of question marks ahead.
When Tesla reported its latest earnings, its net income declined by 5% despite generating strong top-line growth of 26% -- not a good sign. Meanwhile, its valuation remains high.
Today's Change
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11.44
Current Price
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348.31
Tesla's stock is still not cheap enough to offset the risk ahead Unfortunately, because Tesla has been trading at an extremely high valuation for some time, even this seemingly large pullback in value isn't enough to make it an attractive buy, particularly when investors consider the risks and uncertainties ahead for the business. Even based on analysts' earnings expectations for the year ahead, Tesla's stock is trading at an extremely high forward price-to-earnings multiple of more than 170.
Tesla's stock gives investors no margin of safety, even at this reduced price. The stock is simply not as grossly overvalued as it was earlier in the year, but it's still expensive. And its reduced valuation just isn't enough to make it a compelling buy, as it could easily drop further in the weeks and months ahead. Truthfully, even if it were to fall below $300, I still wouldn't be tempted to buy it.
, the electric-vehicle, energy-storage and autonomous-driving giant, surged roughly 2.9% to $346.5 Wednesday morning as Treasury yields backed off. That was enough to flip the script after Tuesday's rate-driven selloff. Investors piled straight back into mega-cap growth, and Tesla was one of the biggest winners.
But here is the catch: Tesla's stock is running much faster than its current profits. Second-quarter revenue jumped 26% to $28.24 billion as deliveries cleared 480,000 vehicles. Then the numbers get ugly. Operating income crashed 57% to just $398 million. Operating margin shrank to a razor-thin 1.4%. Free cash flow dropped to negative $1.1 billion as Tesla stepped harder on spending for AI, factories and future products. Tesla's investor-relations site confirms its Q2 2026 results were released July 22.
And that is exactly why falling yields matter so much here. Investors are not paying a monster earnings multiple for a 1.4% operating margin. They are betting that robotaxis, autonomous software, Optimus and physical AI can eventually turn Tesla into something far bigger than an automaker. The valuation snapshot puts a number on that optimism: Tesla at $346.52 sits 4.02% above its GF Value™ of $333.12. That premium is not enormous, but the message is crystal clear. Tesla is already priced for plenty of tomorrow. Lower yields can keep feeding the story today. Eventually, the profits have to catch up.
Tesla, Inc. remains a Buy following a 25% YTD decline, as recent weakness is driven by macro factors and sentiment, not a broken thesis. Q2 results showed strong revenue growth and record deliveries, but significant margin compression and elevated capex, especially for pre-revenue initiatives like Robotaxi and Optimus. TSLA's forward P/E is still rich at 189x, with a PEG near 6.9x, but the stock continues to trade on long-term optionality in autonomy, robotics, and energy.
Tesla stock TSLA gained 3% on Wednesday, ending a two-session losing streak as investors looked ahead to a potential Cybercab launch event.
The company teased the event on X on Monday, saying customers who ride a Tesla robotaxi through Aug. 23 could have a chance to receive an invitation.
Tesla launched its AI-trained robotaxi service in Austin, Texas, in June 2025 using Model Y vehicles equipped with its Full Self-Driving software.
The service has since expanded to a handful of cities, while Tesla plans to eventually add its purpose-built Cybercab, which does not have a steering wheel, to the fleet.
Tesla stock is up about 2% for the week but remains below the levels reached during the initial excitement surrounding its previous robotaxi event.
Tesla events have historically attracted significant investor attention, particularly when the company unveils new vehicles, trucks or robotics products.
Shares were around $240 before CEO Elon Musk hosted a robotaxi event in October 2024 and climbed to about $350 a month later.
The upcoming Cybercab event could therefore be important for investors assessing Tesla's plans for autonomous transportation.
The company began Cybercab production this year, and the vehicle is expected to eventually become part of its robotaxi fleet.
However, investors are still waiting for robotaxis to make a meaningful contribution to Tesla's financial results.
Expansion has been relatively slow, while Tesla's free cash flow is being used to develop robotaxis and AI-trained robots.
Musk has argued that both products could generate significant sales and earnings, but those benefits have yet to materialize.
Tesla is also competing with companies including Alphabet's Waymo and Amazon's Zoox for a share of the robotaxi market.
The eventual size of the market and which companies will capture the largest share remain uncertain.
Tesla is betting on lower-cost robotaxis as well as its experience with AI and driver-assistance technology.
The success of that strategy will depend in part on whether the Cybercab can be deployed at scale.
Regulatory restrictions could also slow expansion.
According to a Yahoo Finance report, Tesla requested 5,000 robotaxi permits from the Nevada Transportation Authority but was granted 10. Those vehicles would be restricted to one section of the Las Vegas Strip and could operate at speeds of no more than 45 miles per hour.
The vehicles would also be prohibited from traveling within a quarter-mile of the airport unless authorized by the airport operator and all required government approvals were obtained.
Tesla's product pipeline extends beyond the Cybercab. Former Tesla executive Jon McNeill offered an explanation for the delayed Roadster, pointing to technology developed by SpaceX that could potentially be incorporated into the vehicle's demonstration.
McNeill also suggested that Tesla and SpaceX could become more closely connected.
He said the companies were “going to come together, probably sooner rather than later.”
For Tesla investors, the Cybercab remains the more immediate focus as the company attempts to expand its robotaxi operations.
Wall Street analysts currently have a Hold consensus rating on Tesla, based on 10 Buy, 15 Hold and three Sell ratings assigned over the past three months, according to TipRanks data.
The average price target of $385.04 implies about 10.33% upside from the share price.
Tesla (NASDAQ:TSLA | TSLA Price Prediction) will be driven over the next year by megapacks, robotaxis, and humanoid robots more than by Model Y production.
Our 24/7 Wall St. price target for Tesla is $364.24, roughly 8.13% above the current $336.87 quote, producing a buy rating with 90% confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $336.87 24/7 Wall St. Price Target $364.24 Upside 8.13% Recommendation BUY Confidence Level 90% The price target reflects a stock priced almost entirely on optionality outside the auto P&L. Cars fund the business. Energy storage, FSD subscriptions, robotaxi, and Optimus create the value.
Why The Non-Auto Narrative Is Taking Over Tesla shares are down 25.09% year to date and 11.55% over the past month, sitting 21% below the 52-week high of $498.83. Q2 2026 showed the tension: revenue grew 25.5% to $28.24 billion and deliveries hit a record 480,126 vehicles, yet non-GAAP EPS of $0.33 missed the $0.54 estimate as operating margin compressed to 1.4% on AI and R&D spend.
The offsetting story is scale in non-auto lines. Energy deployed 13.5 gigawatt hours, Services revenue rose 50%, and FSD subscribers grew 56% year over year to 1.48 million.
Elon Musk framed batteries as the AI bottleneck, saying “the energy business is also growing incredibly fast and I think will be crucial for the scale up of artificial intelligence data centers.” That framing is why the power, cooling, and networking suppliers behind the AI buildout keep showing up in our free report on seven AI infrastructure stocks that aren’t chipmakers.
The Case for $454 and Above The bull scenario points to $454.51 over 12 months, a 34.92% return. Robotaxi operates across seven U.S. markets with more than 380,000 unsupervised miles and a claimed impeccable safety record.
Megapack 3 production starts in 2026 with capacity designed for 50 GWh, targeting hyperscaler power smoothing. Optimus Gen 3 lines are being installed at Fremont for a 1 million robots per year capacity design, with Musk calling it “the biggest product ever.” Street consensus of $395.34 sits between our base and bull cases.
What Could Go Wrong The bear case lands at $332.59, a 1.27% loss. Q2 FCF turned negative at $1.09 billion, energy gross margin fell from 39.5% to 20.4% on warranty true-up and lost tariff benefits, and prediction markets assign only 10% probability to an Optimus release by year-end and 16.5% probability to a California robotaxi launch.
Bulls counter that margin compression reflects deliberate reinvestment. OpEx rose 47% on AI, R&D, and the 2025 CEO Performance Award. Cash sits at $43.5 billion, up 179%. The company can afford to build.
How Tesla Compares to NVIDIA and Rivian NVIDIA (NASDAQ:NVDA) is the cleanest AI-and-robotics comparison. Its Isaac GR00T humanoid foundation model and DRIVE Hyperion autonomy stack directly compete with Tesla’s Optimus and FSD.
NVIDIA trades at a trailing P/E of 44 on $81.6 billion in quarterly revenue growing 85% year over year. Tesla trades at a trailing P/E of 311. The gap shows how much of Tesla’s price assumes AI monetization the income statement has not yet delivered, making our target reasonable rather than aggressive.
Rivian (NASDAQ:RIVN) is the pure-EV counterpoint. Its Uber partnership targets up to 50,000 R2 robotaxis, and the Mind Robotics spin-off mirrors Tesla’s Optimus playbook.
Rivian carries a $21 billion market cap on negative gross margins and a 1.46 debt-to-equity ratio. That contrast reinforces that scale, cash, and vertical integration justify Tesla’s premium, though not without limits.
Tesla Price Prediction 2026-2030 I stand behind the 24/7 Wall St. price target of $364.24 and the buy rating at 90% confidence. The energy business and its structural role in AI power infrastructure are the tipping factor.
The bull thesis strengthens if Megapack 3 ramps on schedule and robotaxi mileage continues double-digit weekly growth. The bear thesis strengthens if operating margin stays below 2% and FCF remains negative through year-end.
Year 24/7 Wall St. Price Target 2026 $355 2027 $364 2028 $395 2029 $425 2030 $460 These projections assume Tesla executes on energy storage, FSD monetization, and the Optimus ramp. Meaningful upside toward $688 bull case would require robotaxi to reach scale and Optimus to hit even a fraction of its 10-million-unit aspiration.
Contact [email protected] for any questions or corrections.
Financial Synergies Wealth Advisors Inc. grew its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 138.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,978 shares of the electric vehicle producer’s stock after acquiring an additional 1,727 shares during the quarter. Financial Synergies Wealth Advisors Inc.’s holdings in Tesla were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Petersen Hastings Wealth Advisors Inc. boosted its position in shares of Tesla by 142.1% during the 2nd quarter. Petersen Hastings Wealth Advisors Inc. now owns 3,436 shares of the electric vehicle producer’s stock valued at $1,445,000 after acquiring an additional 2,017 shares during the last quarter. Amplius Wealth Advisors LLC increased its position in Tesla by 24.3% in the second quarter. Amplius Wealth Advisors LLC now owns 1,352 shares of the electric vehicle producer’s stock worth $569,000 after purchasing an additional 264 shares during the last quarter. Core Wealth Partners LLC raised its stake in Tesla by 4.6% during the second quarter. Core Wealth Partners LLC now owns 7,076 shares of the electric vehicle producer’s stock valued at $2,976,000 after purchasing an additional 312 shares in the last quarter. Burton Enright Welch lifted its position in Tesla by 1.6% during the second quarter. Burton Enright Welch now owns 6,287 shares of the electric vehicle producer’s stock valued at $2,644,000 after purchasing an additional 98 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in Tesla by 6.4% during the second quarter. Fifth Third Wealth Advisors LLC now owns 59,509 shares of the electric vehicle producer’s stock valued at $25,029,000 after purchasing an additional 3,592 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.
Tesla News Summary Here are the key news stories impacting Tesla this week:
Positive Sentiment: Large Tesla Semi order: Swedish trucking company Einride plans to deploy 500 Tesla Semis across North America over the next two years, beginning in September. The order would be the largest Tesla Semi deployment announced so far and could expand Tesla’s commercial-vehicle revenue. Reuters article Positive Sentiment: Cybercab rollout advances: Reports indicate Tesla is preparing to begin offering rides in its steering-wheel-free Cybercab in Austin as soon as this month, initially using employees before expanding to public robotaxi service. The launch could provide a high-profile test of Tesla’s autonomous-vehicle strategy. Reuters article Positive Sentiment: Robotaxi infrastructure: Tesla has reportedly filed plans for a charging hub with as many as 80 wireless chargers, signaling continued investment in scaling its robotaxi fleet and supporting the Cybercab launch. TipRanks article Neutral Sentiment: Amazon relationship: Filings show Amazon holds warrants representing roughly 12% of Einride, with vesting linked to Amazon purchases of freight services. This supports demand for the Semi deployment but does not represent a direct Amazon investment in Tesla. GeekWire article Neutral Sentiment: SpaceX speculation: Comments from former Tesla President Jon McNeill have renewed speculation that the Roadster could highlight deeper ties between Tesla and SpaceX, but no merger or transaction has been confirmed. Negative Sentiment: Profitability concerns: Coverage highlights Tesla’s return to negative free cash flow and its slim automotive net margin. The company also previously missed quarterly EPS expectations, increasing scrutiny of whether substantial AI and robotaxi investments can generate adequate returns. Negative Sentiment: Valuation and analyst warning: Tesla trades at exceptionally high earnings multiples despite subdued profitability. GLJ Research reaffirmed a Sell rating and assigned a $24.86 price target, arguing that Full Self-Driving execution could pressure the stock further. TipRanks article Negative Sentiment: Competition and execution risk: Amazon’s Zoox is expanding driverless service into San Francisco and Las Vegas, while investors remain concerned about regulatory approval, fleet costs, and the timing of Tesla’s robotaxi commercialization. Higher Treasury yields may also weigh on richly valued growth stocks. Analyst Upgrades and Downgrades A number of equities analysts have recently commented on the company. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a “buy” rating in a report on Thursday, July 23rd. Wedbush reaffirmed an “outperform” rating and set a $600.00 price target on shares of Tesla in a research note on Tuesday, April 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $485.00 price objective (down from $510.00) on shares of Tesla in a research report on Thursday, July 23rd. Phillip Securities decreased their price objective on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Wednesday, May 13th. Finally, HSBC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $401.74. Get Our Latest Research Report on Tesla
Tesla Stock Down 0.7% Shares of Tesla stock opened at $336.93 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83. The firm’s 50-day moving average is $368.18 and its two-hundred day moving average is $388.55. The stock has a market cap of $1.33 trillion, a price-to-earnings ratio of 311.98, a PEG ratio of 17.28 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The company had revenue of $28.24 billion during the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The company’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 0.88 earnings per share for the current fiscal year.
Insiders Place Their Bets In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by insiders.
About Tesla (Free Report)
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
Read More Five stocks we like better than Tesla The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA – Free Report).
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Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 5.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 621,824 shares of the electric vehicle producer’s stock after selling 33,313 shares during the period. Tesla accounts for 1.3% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 13th biggest holding. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Tesla were worth $261,539,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Tesla in the 4th quarter worth about $17,128,100,000. Corient Private Wealth LLC boosted its position in shares of Tesla by 3,205.5% during the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of America Corp DE grew its stake in Tesla by 56.0% during the fourth quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer’s stock worth $9,334,211,000 after purchasing an additional 7,450,766 shares during the period. Cardano Risk Management B.V. grew its stake in Tesla by 882.8% during the fourth quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer’s stock worth $3,688,630,000 after purchasing an additional 7,367,507 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Institutional investors own 66.20% of the company’s stock.
Analysts Set New Price Targets A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Tesla from $475.00 to $445.00 and set a “neutral” rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group set a $400.00 price objective on shares of Tesla and gave the company a “hold” rating in a research note on Monday, July 13th. Canaccord Genuity Group set a $410.00 target price on shares of Tesla and gave the company a “buy” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 price target on shares of Tesla in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $401.74.
Read Our Latest Research Report on Tesla More Tesla News Here are the key news stories impacting Tesla this week:
Positive Sentiment: Large Tesla Semi order: Swedish trucking company Einride plans to deploy 500 Tesla Semis across North America over the next two years, beginning in September. The order would be the largest Tesla Semi deployment announced so far and could expand Tesla’s commercial-vehicle revenue. Reuters article Positive Sentiment: Cybercab rollout advances: Reports indicate Tesla is preparing to begin offering rides in its steering-wheel-free Cybercab in Austin as soon as this month, initially using employees before expanding to public robotaxi service. The launch could provide a high-profile test of Tesla’s autonomous-vehicle strategy. Reuters article Positive Sentiment: Robotaxi infrastructure: Tesla has reportedly filed plans for a charging hub with as many as 80 wireless chargers, signaling continued investment in scaling its robotaxi fleet and supporting the Cybercab launch. TipRanks article Neutral Sentiment: Amazon relationship: Filings show Amazon holds warrants representing roughly 12% of Einride, with vesting linked to Amazon purchases of freight services. This supports demand for the Semi deployment but does not represent a direct Amazon investment in Tesla. GeekWire article Neutral Sentiment: SpaceX speculation: Comments from former Tesla President Jon McNeill have renewed speculation that the Roadster could highlight deeper ties between Tesla and SpaceX, but no merger or transaction has been confirmed. Negative Sentiment: Profitability concerns: Coverage highlights Tesla’s return to negative free cash flow and its slim automotive net margin. The company also previously missed quarterly EPS expectations, increasing scrutiny of whether substantial AI and robotaxi investments can generate adequate returns. Negative Sentiment: Valuation and analyst warning: Tesla trades at exceptionally high earnings multiples despite subdued profitability. GLJ Research reaffirmed a Sell rating and assigned a $24.86 price target, arguing that Full Self-Driving execution could pressure the stock further. TipRanks article Negative Sentiment: Competition and execution risk: Amazon’s Zoox is expanding driverless service into San Francisco and Las Vegas, while investors remain concerned about regulatory approval, fleet costs, and the timing of Tesla’s robotaxi commercialization. Higher Treasury yields may also weigh on richly valued growth stocks. Insiders Place Their Bets In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares of the company’s stock, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.
Tesla Stock Performance Shares of TSLA stock opened at $336.93 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $368.18 and a two-hundred day simple moving average of $388.55. Tesla, Inc. has a 12 month low of $297.38 and a 12 month high of $498.83. The firm has a market capitalization of $1.33 trillion, a PE ratio of 311.98, a price-to-earnings-growth ratio of 17.28 and a beta of 1.83.
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The business had revenue of $28.24 billion during the quarter, compared to the consensus estimate of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. Analysts forecast that Tesla, Inc. will post 0.88 EPS for the current fiscal year.
Tesla Profile (Free Report)
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
Further Reading Five stocks we like better than Tesla The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond
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When the Tesla (TSLA -0.72%) Semi was announced in 2017, expectations were high. The global freight trucking market is currently valued at $2.2 trillion. Diesel is one of the industry's highest costs of doing business. Labor is also pricey, with 3.5 million drivers employed in the U.S. alone.
Tesla's Semi trucking platform, of course, is powered by batteries and electricity. And the company's autonomous driving technology can further reduce trucking costs. In short, many analysts believed the Tesla Semi was destined for success.
In 2018, CEO Elon Musk announced that Tesla would begin production of the Semi by sometime in 2019. Analysts were aggressive in their forecasts, with many expecting run rate production of around 25,000 per year at the start.
"We believe this could set off competition for intelligent trucks in the industry," an analyst for Morgan Stanley predicted at the time. "If the order books fill up quickly, any carrier that holds back placing its order could potentially have to wait several years to get its hands on a Tesla truck -- years during which its competitors could be running with up to a ~70% cost advantage."
That analyst viewed the Tesla Semi launch as a key catalyst for the company's stock price. "A rush by truck carriers to place Tesla truck orders and other OEMs to launch similar trucks could also be viewed by the market/investors as a key catalyst to the intelligent trucking thesis becoming 'real,'" he stressed.
Production did not actually begin until 2022. This time last year, only a couple of hundred units had been sold since inception. Despite the slow start, Tesla's Semi ambitions may finally be turning a corner.
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Tesla Semi sales are beginning to heat upOn Aug. 18, Einride AB (ENRD -6.98%), a Swedish autonomous transport company, placed an order for 500 Tesla Semis. The company believes that the move will help it reach cash-flow breakeven by 2028. At that point, Einride management believes the company should be operating 1,500 to 2,000 self-driving trucks, many of which should be Tesla Semis.
Image source: Tesla
Einride isn't the first company to place a major Semi order this year. WattEV, a California-based trucking company, ordered 370 units in May. So while overall demand for Tesla Semis remains well below initial analyst projections, adoption potential is clearly heating up.
Higher demand likely stems from higher fuel prices and the relative economic advantage of operating an electric semitruck. But the biggest catalyst may be advances in Tesla's self-driving technology platform. "[F]ully autonomous trucking is expected to reach viability by 2032," concludes a survey of experts conducted by McKinsey & Co. Further technology advancements, however, are still necessary before mass adoption. "[A]utonomous trucks are expected to need more than $3 billion in investments in software to achieve market readiness," McKinsey & Co. observes.
With a market cap of roughly $1 trillion, Tesla has greater access to capital than nearly all of its trucking competitors. It's no wonder that Enride, a company that has invested heavily in developing its own autonomous trucking technology, opted to simply buy Tesla Semis as its hardware backend. Tesla has the capital and investment capacity needed to bring not only electric semitrucks to market but also autonomous trucking to the finish line.
Autonomous trucking is still years away from reaching mass adoption. And Tesla's Semi sales remain a drop in the bucket for the company. But rising demand should be seen not only as a vote of confidence in Tesla's Semi platform but also in its autonomous driving roadmap.
Tesla (TSLA -0.72%) stock isn't having a great 2026 so far. It's down almost 24% this year as of the time of writing, compared to the S&P 500, which is up almost 13.8%. The underperformance is driven by a realignment of expectations throughout the year: Robotaxi revenue expectations were pushed out, capital expenditure expectations were pushed up, and near-term margin expectations were pushed down. I would invite readers to put forward any stocks that have risen given these sorts of circumstances. The bears got it right, but here's where some of them may be wrong.
Tesla's changing narrative Expectations for earnings from robotaxi have been pushed out due to the "delayed" rollout, at the same time as management has unveiled plans to ramp capital spending to above $25 billion in 2026 and will "grow for the next two or three years" to fund Optimus production, robotaxi fleet, investments in Terafab, solar manufacturing, AI compute, and "all the other expansions we'll do for other manufacturing for automotive," according to CFO Vaibhav Taneja on the last earnings call.
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As for the margin compression in the second quarter, it largely stems from an unfavorable sales mix and rising costs, as discussed in more detail previously. Putting all of this together, if you were modeling X amount of earnings and cash flow for, say, 2027 and 2028, and the start of the year, then you would have to lower that figure to X minus Y in light of the changes this year.
For example, here's how the Wall Street analyst consensus for Tesla has changed negatively over the last three months, according to Visible Alpha.
Wall Street Analyst Consensus
2026
2027
2028
Metric
3 Months Ago
Current
3 Months Ago
Current
3 Months Ago
Current
Net income
$4.4 billion
$3.5 billion
$6.1 billion
$4.5 billion
$8.9 billion
$7.1 billion
Capital expenditures
$24.3 billion
$25.2 billion
$20.9 billion
$25.7 billion
$21 billion
$26.3 billion
Free cash flow
($8.4) billion
($8.5) billion
($4.5) billion
($11.1) billion
($0.4) billion
($7.8) billion
Data source: Visible Alpha
In a nutshell, the bears who doubted that Tesla's robotaxi rollout would meet CEO Elon Musk's previous pronouncements have been proven right. Moreover, it's worth noting that Musk's previous estimates focused on fleet size and expansion to new cities, whereas now management wants investors to think in terms of miles driven under robotaxis and the development of the next major version of full self-driving (FSD) software, v15.
Image source: Tesla.
What the bears may be missing The developments in 2026 are disappointing, but the dip in the share price may prove a good long-term entry point, now that expectations for the robotaxi rollout have been reset. In addition, Tesla is making progress on robotaxi development. Realistically, if management has said it wouldn't go "large-scale unsupervised FSD" until v15 was in place, then that's what investors should monitor. The good news is the robotaxi fleet is already running with early, but far from complete, versions of v15.
If the architectural and safety improvements in v15 enable Tesla to scale its robotaxi fleet in 2027, the narrative around the stock will change dramatically for the better, potentially prompting upgrades to earnings expectations. In other words, don't bet against the earnings potential of Tesla's robotaxi business.
Shares of Space Exploration Technologies (SPCX -1.98%), better known as SpaceX, have experienced a volatile journey since debuting as the biggest IPO in Wall Street history. When initial excitement faded for the company's June 12 public debut, the stock fell into a tailspin.
The share price changed course after Elon Musk's company reported second-quarter earnings on Aug. 4. By Aug. 12, SpaceX stock was up nearly 40% from the low of $104.83 reached the day before earnings. As of Aug. 17, it's back above the official IPO pricing of $135.
The recovery is a promising sign, but does it mean now is the time to buy? To answer that question, here's a deeper dive into the company Musk controls with over 80% of the voting power.
SpaceX CEO Elon Musk. Image source: The White House.
SpaceX stock fell post-IPO due to various factors, including expiration of an initial lockup period for insiders and early investors, which made more shares available for trading than the roughly 639 million sold in the IPO. Another was the company's enormous capital expenditures. Its 2025 capex was $20.7 billion, nearly double the 2024 total.
However, many positives in SpaceX's Q2 earnings report propelled the stock upward. Revenue rose a whopping 92% year over year to $7.8 billion. Its net loss shrank to $541 million, down substantially from $1 billion in the prior year.
Although the company is known for its space-based offerings, Q2 revenue from its artificial intelligence business soared to $2.6 billion, up from $737 million in 2025. This spectacular sales growth suggests SpaceX's massive capital investments in AI infrastructure could end up paying off.
One of these investments is its Terafab project, a joint venture with Elon Musk's other company, Tesla, to create a massive semiconductor manufacturing facility. Terafab will produce AI chips for both businesses. Musk called the initiative "the most epic chip-building exercise in history."
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SpaceX's AI opportunity SpaceX's AI pursuit is important for investors to understand because management believes artificial intelligence is a far bigger opportunity than its rocket business. The company estimates AI's total addressable market (TAM) at an astounding $26.5 trillion compared to $370 billion for its space launch operations.
Consequently, investing in shares means buying into Musk's vision that artificial intelligence is central to SpaceX's future and a belief in the company's ability to capture a meaningful share of the colossal TAM at stake. It seems many investors are convinced.
That said, SpaceX stock is expensive, as demonstrated by a price-to-sales ratio exceeding 90. For comparison, consider that shares of AI semiconductor chip leader Nvidia sport a more reasonable sales multiple of about 22.
With only one quarter of reported earnings as a public company, it's not known whether SpaceX's Q2 performance signals the start of a sustainable trend. Moreover, additional shares are scheduled to unlock in the coming months, including about 700 million in both September and October. This flood of supply could push the share price down.
Given these considerations, the prudent approach is to wait for SpaceX stock to drop before deciding to buy.
stock faces fresh pressure on Tuesday after GLJ Research retained its Sell rating and $24.86 price target, pointing to concerns around the company's autonomous-driving progress and financial performance.
The research firm said Tesla has declined 24.55% this year, while the S&P 500 has gained 13%. It also pointed to a second-quarter operating margin of 1.4%, negative free cash flow of $1.1 billion and an energy gross margin of 20.4%, down from the prior period.
GLJ said its review of crowdsourced vehicle data indicated that Tesla's FSD v14 software on HW4-equipped vehicles recorded a disengagement about every 40 miles. The firm also cited 22 collisions reported in NHTSA filings over the past 12 months involving safety monitors.
Attention is also turning to Tesla's planned Cybercab rollout in Austin. GLJ expects the stock to remain under pressure during the second half of 2026, with Wall Street price targets ranging from $125 to $600.
What it means for Tesla stock: The report adds to concerns over valuation and autonomous-driving execution, potentially weighing on sentiment around the robotaxi strategy.
Marley Kayden and Sam Vadas turn to the macro and micro headlines many investors likely missed on Tuesday's trading session. They highlight Tesla (TSLA) and the company's push to launch its Cybercab vehicle later this year and the quiet bond sell-off happening internationally.
Palantir specializes in artificial intelligence to assist organizations in decision-making. Tesla is ramping up its robotaxi fleet and developing humanoid robots.
As with nearly everything associated with Tesla and its colorful CEO Elon Musk, the hype around the company's Robotaxi project has been considerable. He envisions a future where the autonomous driving technology powering the Robotaxi fleet becomes the monster revenue-producing engine of the electric vehicle (EV) king's business.
While I think one company has a decent shot at carving out a huge chunk of the self-driving taxi market, it isn't Tesla. In fact, it's an enterprise that most people don't readily associate with automobiles at all.
Image source: Getty Images.
Miles ahead That company is Alphabet (GOOG +0.04%)(GOOGL +0.03%) known by billions as the owner of Google, the No. 1 internet search engine. For years, it's channeled some of the vast amounts of revenue it earns from search (and far smaller income streams) into other ventures. Its autonomous taxi effort, Waymo, is a directly owned subsidiary.
With management's considerable support and gobs of capital, Waymos have become advanced enough to be common sights in several U.S. cities (most notably throughout my auto-dependent home of Los Angeles). Approval is coming soon for several other cities, namely San Diego, Las Vegas, Denver, and Tampa.
First-mover advantage matters in both the tech and automotive worlds, and that especially applies at the intersection of the two. Waymo is actively providing service and earning revenue from it; what's more, it's clearly becoming a go-to choice for rideshare customers. At times, when I've been out on the town, I've either been told directly by people or overheard someone saying they're ordering a Waymo -- and not, pointedly, an Uber Technologies or Lyft.
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The regulatory challenge And certainly not a Robotaxi. Tesla's pet rideshare project is live and operating, but only in limited areas of Texas cities Austin, Dallas, and Houston, and Florida's Miami, Orlando, and Tampa. It's currently being piloted or tested in the San Francisco Bay Area, Phoenix, and Las Vegas.
I should point out here that one challenge any self-driving taxi project will face is the patchwork of regulations in the U.S. After all, the federal government hasn't yet established a nationwide legal framework for autonomous driving systems. In this vacuum, certain states, like Texas, are known to be relatively flexible -- this helps explain Robotaxi's early deployment there.
But I think that project faces a longer road to widespread approval than Waymo. Tesla has a safety record that is hardly impeccable, and that surely makes regulators pause to think.
Also, Waymo has technology that many consider superior -- its cars use a multitude of sensors, including state-of-the-art LiDAR and radar, which together interpret driving situations in great detail. Tesla's Robotaxi cars rely entirely on cameras, which some transportation authorities (or, crucially, customers) might not consider sufficient.
To me, Alphabet's approach with Waymo is to build the technology deliberately and carefully, to the point where it is generally safe and reliable on the road. My impression of Tesla is more of a "let's build it, then we'll adjust as necessary." That can work brilliantly for smartphones or software, but I feel it's potentially quite risky for autonomous cars roaming public streets.
That, plus Waymo's already-impressive head start in the autonomous taxi market, makes Alphabet's project a much better bet to dominate it, in my view. In fact, I think Waymo is already the early winner and has a fine chance to maintain or expand that status.
Buy Tesla (TSLA). The stock is already reacting to AI/robotaxi headlines, and the market is still “de-emphasizing” near-term fundamentals—meaning incremental proof (robotaxi expansion, Cybercab event progress, Optimus demos) can drive a fast multiple re-rate. Analyst sentiment is also skewing more positive than the long-run average (45% Buy vs 55–60% typical), leaving room for upgrades if events confirm momentum. Key risk: FSD/robotaxi performance stays unreliable (frequent disengagement/collisions), forcing investors to treat robots as marketing instead of a scalable business.
Key Risk: FSD/robotaxi fails to scale—disengagements and safety issues keep proving it’s not ready for mass use.
TSLA sell into valuation risk
Sell Tesla (TSLA). The bearish case is simple: valuation assumes autonomy and humanoid robots work on a timeline that current evidence doesn’t support. With operating margin at 1.4%, negative free cash flow, and energy margin down, the stock has little cushion if robotaxi/Cybercab timelines slip. Johnson’s tracked disengagement rate and collision disclosures directly challenge the “ready now” narrative, and the average target ($374) is far below the recent peak. Key risk: Tesla delivers credible, measurable autonomy/robotaxi expansion fast enough to justify the current expectations (not just events, but real-world scale).
Key Risk: Tesla proves autonomy is ready at scale—real robotaxi adoption and performance beat the valuation assumptions.
Tesla TSLA shares reversed earlier losses on Tuesday and were trading in the green as investors focused on the electric-vehicle maker's artificial intelligence ambitions and potential robotaxi and humanoid robot businesses.
Tesla shares entered Tuesday down about 25% year to date and had gained only around 1% over the previous 12 months, reflecting a prolonged period of limited gains as investors await evidence of progress in the company's AI-related businesses.
Tesla launched an AI-trained robotaxi service in June 2025, although its rollout across several cities has been gradual.
The company is also preparing to introduce the Cybercab, a steering-wheel-less robotaxi, according to The Information.
Tesla has separately been developing Optimus, an AI-trained humanoid robot, although investors have had limited recent visibility into its capabilities.
Baird analyst Ben Kallo said investor attention remains focused primarily on Tesla's robots and robotaxis rather than its traditional automotive and energy operations.
He described the current environment as one in which fundamentals have been "extremely de-emphasized."
Kallo rates Tesla Buy and has a $475 price target.
According to FactSet, 45% of analysts covering Tesla rate the shares Buy, below the typical 55% to 60% Buy-rating ratio for S&P 500 companies.
The average analyst price target is around $374, down from a March peak of approximately $415.
GLJ Research reiterated its Sell rating and maintained a $24.86 price target, implying a 92% downside from current price levels.
GLJ Research analyst Gordon Johnson highlighted Tesla's 1.4% operating margin in the second quarter, negative $1.1 billion in free cash flow and a decline in energy gross margin to 20.4%.
Johnson also raised concerns about Tesla’s robotaxi ambitions, arguing that the company’s Full Self-Driving (FSD) performance does not yet support the expectations built into the stock’s valuation.
He cited tracked data showing FSD v14 on Tesla’s HW4 system disengaging about every 40 miles.
The data covers 865 vehicles, with 18 active in the past week.
Johnson also pointed to 22 collisions reported in National Highway Traffic Safety Administration filings over the past 12 months, saying the figures raise questions about whether Tesla’s autonomous driving technology is ready to justify its current valuation.
Those concerns extend to the Cybercab, Tesla’s planned steering-wheel-free robotaxi.
While Johnson expects the planned Austin event to attract attention, he does not view the event itself as evidence that the vehicle is ready for widespread use.
Johnson also questioned Tesla’s valuation estimates for its future businesses.
He cited management estimates of roughly $20 trillion for Optimus, the company’s humanoid robot business, and about $5 trillion for autonomy and other businesses.
SpaceX merger remains a potential catalystInvestors are also watching speculation about a potential combination between Tesla and SpaceX, both led by Elon Musk.
Gary Black, managing partner at The Future Fund, believes there is a high probability of a Tesla-SpaceX merger this year but remains cautious about Tesla's valuation.
He expects SpaceX could potentially make an all-stock offer for Tesla at a roughly 20% premium.
Black said such a transaction could create strategic synergies and simplify Musk's responsibilities across the two companies. However, he also warned that existing Tesla shareholders could face substantial dilution in an all-stock transaction.
Black estimates Tesla is trading at roughly 195 times 2026 earnings and argues that its valuation leaves limited room for attractive returns even with strong long-term earnings growth.
Swedish electric and autonomous trucking company Einride said on Tuesday it plans to buy 500 Tesla Semis and make the electric big rigs available to its customers, which include Amazon. The Tesla Semis will be added in phases to Einride’s fleet over the next 24 months, starting in September, the company said.
Einride will manage the Tesla Semis through its Saga AI fleet management platform that’s designed to give customers all the benefits of using electric trucks to carry freight without the financial and logistical burdens of owning them.
The company’s CEO Roozbeh Charli said this “deployment is yet another proof point that we can execute at the scale our customers demand.”
Scale is what this deal promises, if Tesla can deliver. The carmaker first revealed a concept of the Semi in 2017, and after numerous delays due to the Covid pandemic and global supply chain shortages, delivered the first batch to customers, including PepsiCo, five years later.
And it wasn’t until April 2026 that the first Semi rolled off the high-volume production line at Tesla’s factory in Nevada. Despite that recent milestone, the company has pulled back on promises to reach “volume production” in 2026. Tesla said in its second-quarter shareholder letter and earnings call that it is trying to increase battery production, specifically around the company’s 4680 cell, in order to start building the Tesla Semi (and the Cybercab) at scale.
Einride, which went public in June, operates a fleet of about 200 of its own heavy-duty electric trucks for companies such as Heineken and PepsiCo. It has also developed autonomous pod-like trucks, which are noticeable for their cab-less design. The Saga AI platform pulls it all together, determining how those vehicles are used, routed, and charged.
The deal with Tesla is outsized in its potential for Einride. It will triple the size of Einride’s fleet while sweetening the company’s sales pitch for its Saga AI software. Einride said the Tesla Semis will be available to customers across North America, and would help extend its electric freight network to key corridors in California, Georgia, New Jersey and Texas. Einride is using a third party to finance the purchase.
Einride also expects the purchase to help convert about $800 million in “potential long-term annual recurring revenue under joint business plans with shippers” into actual revenue.
Founded a decade ago, Einride has spent years developing the various components of its business, from its software and electric trucks to the self-driving system in its cabless trucks. The company is now pushing to scale its business, an effort that has accelerated in 2026.
Einride in April struck a deal with Amazon to add 75 of its electric heavy duty trucks to the e-commerce giant’s Relay freight network, and provide charging infrastructure across five locations in the United States. The Swedish company also acquired EV charging company Flipturn in a bid to offer customers a full package of services, including electric trucks and the charging software needed to run them more efficiently and reliably.
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Kirsten Korosec is a reporter and editor who has covered the future of transportation from EVs and autonomous vehicles to urban air mobility and in-car tech for more than a decade. She is currently the transportation editor at TechCrunch and co-host of TechCrunch’s Equity podcast. She is also co-founder and co-host of the podcast, “The Autonocast.” She previously wrote for Fortune, The Verge, Bloomberg, MIT Technology Review and CBS Interactive.
You can contact or verify outreach from Kirsten by emailing [email protected] or via encrypted message at kkorosec.07 on Signal.
Einride AB said it expects revenue growth rate to more than double in the second half of the year and announced a deal to add 500 Tesla (TSLA.O) Semi trucks to its fleet, sending its shares soaring 15% in premarket trading on Tuesday.
The Swedish freight technology company also reported its first results since going public in June.
Einride said the Tesla partnership would triple its fleet size and lift revenue.
The company expects its constant-currency revenue growth rate to more than double in the second half of 2026 as deployments ramp up in the U.S. and Europe.
It said the Tesla deployment will be financed through third-party funding and is expected to increase its deployed fleet from about 250 vehicles to roughly 750.
The deployment supports Einride's efforts to convert about $800 million in potential long-term annual recurring revenue into active freight capacity, it added.
First-half revenue rose 26% year-over-year on a constant-currency basis, driven by higher customer volumes and fleet deployments.
But net loss widened to SEK 1.12 billion ($117.56 million), mainly due to one-time listing, recapitalization and share-based compensation charges linked to its Nasdaq debut.
Einride, which listed on Nasdaq in June 2026 through a merger with SPAC Legato Merger Corp. III, develops electric and autonomous freight technology and operates trucking and logistics services in North America and Europe.
Tesla (TSLA.O) has told employees it is gearing up for a public launch of Cybercab, starting with a rollout in Austin, Texas, as soon as this month, the Information reported on Monday, citing people with knowledge of the plans.
Cybercab, a purpose-built autonomous vehicle without pedals or a steering wheel, is crucial to Tesla's robotaxi ambitions, as the company is planning to eventually deploy the vehicle for its autonomous ride-hailing service.
Here are a few details from the report:
Tesla has told staff that it plans to begin the Cybercab rollout by offering rides to its employees on public roads and then incorporate Cybercabs into its robotaxi service in Austin a few days later, according to the report.
The company has been preparing for a launch with steps including test driving, offering employee rides on private roads and conducting training with local first responders in recent weeks, the report said.
Tesla did not immediately respond to a Reuters request for comment.
The company started running tests of the production version of its Cybercab on public roads in June, and production of the vehicle is expected to ramp up later this year.
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Jon McNeill, VistaShares co-founder, DVx CEO and former Tesla president, joins 'Squawk on the Street' to discuss Tesla's plans to unveil a new design for a flying roadster as soon as this month.
Prediction market traders are increasingly betting that a Tesla (NASDAQ: TSLA) and SpaceX (NASDAQ: SPCX) merger could happen in the first half of 2027.
Data from Kalshi shows traders have assigned a 51% probability that Tesla and SpaceX will announce a definitive merger or combination before May 1, 2027.
The probability stands at 46% before April 1, 2027, and 42% before March 1, 2027. Looking further ahead, the market assigns a 73% chance that the two Elon Musk-led companies will combine before 2028.
The prediction market has attracted more than $705,000 in trading volume, highlighting sustained investor interest in the possibility of a merger between Musk’s electric vehicle giant and his aerospace company.
Market pricing suggests traders view a merger as unlikely in the near term but increasingly probable as 2027 approaches.
Prediction markets on Tesla and SpaceX. Source: Kalshi Kalshi contracts currently imply just a 4% chance of a deal before September 1, 2026. The probability rises to 7% before October 1, 2026, 13% before November 1, 2026, and 16% before both December 1, 2026, and January 1, 2027.
By February 1, 2027, the odds increase to 32%, before climbing to 42% for March, 46% for April, and 51% for May.
The gradual increase suggests traders expect any transaction to require months of negotiations, due diligence, shareholder approvals, and regulatory review following SpaceX’s public market debut earlier this year.
Speculation on Tesla-SpaceX merger Speculation about a Tesla-SpaceX merger has persisted for years due to the close ties between the companies and Musk’s leadership role at both firms.
The companies already collaborate across several areas, including energy products, manufacturing initiatives, semiconductor development, artificial intelligence, robotics, and advanced engineering projects.
SpaceX has also purchased Tesla vehicles and energy systems, while both companies share long-term ambitions in automation and advanced technology.
Interest in a potential merger increased after SpaceX completed its record-breaking initial public offering in June 2026. Additional attention followed reports surrounding Musk’s Tesla compensation arrangements, including provisions linked to a potential change-of-control event.
Some analysts argue a merger would create a unified technology platform spanning electric vehicles, energy storage, artificial intelligence, satellite communications, and space exploration.
Supporters believe combining engineering talent, infrastructure, and manufacturing capabilities could strengthen both companies’ competitive positions.
Opposition to Musk’s companies merger Despite growing speculation, significant hurdles remain. A Tesla-SpaceX merger would likely face regulatory scrutiny due to the companies’ size, strategic importance, and government ties.
Investors have also raised concerns about valuation differences, shareholder dilution, governance issues, and potential conflicts of interest stemming from Musk’s influence over both firms.
Some investors may prefer separate exposure to Tesla or SpaceX rather than a combined company, while shareholder lawsuits could arise depending on the structure and terms of any deal.
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Elon Musk runs the most talked-about car company on earth. On the metrics that actually describe a car business, Benedetto Vigna runs a significantly better one, by a margin of at least 7-to-1.
Math There are three core numbers that show how decisively Vigna’s Ferrari (NYSE:RACE | RACE Price Prediction) is outperforming Musk’s Tesla (NASDAQ:TSLA). Return on equity: Ferrari 45.4% against Tesla 4.67%. (9x outperformance. But who’s counting?) Return on assets: Ferrari 13.6% against Tesla 1.93%. (Yep, that’s a 7x outperformance.) Operating margin: Ferrari 31.1% against Tesla 1.41%. (That’s more than 20x outperformance.) Vigna wins each metric by a wide, visible margin.
Metric (TTM, June 30, 2026) Ferrari (Vigna) Tesla (Musk) Return on equity 45.4% 4.67% Return on assets 13.6% 1.93% Operating margin 31.1% 1.41% P/E 39 311 Return on equity measures how many cents of profit a company generates for every dollar of shareholder capital it holds. Ferrari’s number carries an asterisk: the company is running a roughly 3.5 billion euro repurchase program through 2030, and its price-to-book is 17.29, so equity is thin and buybacks flatter the ratio. But Ferrari is beating Tesla 9-to-1 and a 3.5 billion euro repurchase program doesn’t juice the numbers nearly enough to explain the deficit.
Plus…Return on assets is leverage-neutral, and Ferrari still delivers 13.6% against Tesla’s 1.93%. Operating margin is purely operational, and Ferrari sits at 31.1% against Tesla’s 1.41%. Neither of those metrics moves with a buyback.
How Ferrari won so decisively Ferrari hired a semiconductor executive to run a car company. Vigna came from STMicroelectronics, where he ran the Analog, MEMS and Sensors Group, described by Ferrari as ST’s largest and most profitable operating business in 2020. He is a physicist, graduated cum laude from the University of Pisa, joined ST in 1995, and spent 26 years in semiconductors. He took the Ferrari CEO seat on September 1, 2021. Ferrari Chairman John Elkann has said Vigna was hired for his deep understanding of the technologies driving change in the industry, and it’s hard to argue with that choice given everything Vigna has achieved.
Of course, none of this is intended to diminish Musk and Tesla’s very real achievements. At its core, Tesla is solving a structurally harder problem: mass-market vehicle manufacturing at global scale, with $103.6 billion in TTM revenue against Ferrari’s $7.35 billion. Musk built the dominant US EV manufacturer and a large energy storage business alongside it; Tesla deployed 13.5 gigawatt hours of energy storage in Q2.
Ferrari’s business is easier by design. It shipped 3,366 cars in the June 2026 quarter at supercar prices. Controlled-volume exclusivity is not a template Tesla can copy. Ferrari also carries real risks: higher US import tariffs raising cost of sales, a model changeover suppressing volumes, an effective tax rate that rose to 23.0%, and an unproven electric transition led by the full-electric Luce which premiered earlier this year.
Vigna’s business is simply easier to execute on. And if your goal is shareholder returns, why wouldn’t you pick that, every time?
Where things can change Musk’s investment case is a future-earnings case; the market is pricing Tesla at a P/E of 311 on that basis, and free cash flow ran negative for the quarter as capex more than doubled sequentially. Vigna’s growth and profitability plans are narrower: Per Ferrari, an EBIT margin floor of 30% as the multi-year target.
If Musk achieves incredible growth from here – turning back the Chinese EV competition, maintaining pricing power, and boosting Tesla sales to boot (perhaps through robotics and continued improvement in FSD – these are none of them easy, and together they’re even harder, but perhaps not impossible), Tesla shareholders would likely be richly rewarded. Compare that against the steady compounding performance of Ferrari, which is +12% while Tesla is down 23% YTD. Leaving all the metrics aside, I have a suspicion that price returns are how every CEO will ultimately be measured.
Time will tell. But in the meantime – by the important operational metrics I’ve highlighted that he can directly control, Vigna is beating Elon Musk by at least 7x.
Contact [email protected] for any questions or corrections.
At $342.27, Tesla (NASDAQ:TSLA | TSLA Price Prediction) sits at the center of one of Wall Street's sharpest analyst splits, with the consensus rating landing at hold.
BTC Capital Management Inc. lifted its position in shares of Tesla, Inc. (NASDAQ: TSLA) by 30.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,195 shares of the electric vehicle producer's stock after acquiring an additional 8,790 shares during
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In March 2015, Elon Musk told Neil deGrasse Tyson that the burning of fossil fuels “the dumbest experiment in history, by far,” arguing that since reserves are finite and a clean-energy transition is inevitable, altering the atmosphere made no sense. Eleven years later, disclosures in the IPO filing for SpaceX (NASDAQ:SPCX | SPCX Price Prediction) revealed plans to spend more than $2.8 billion on natural gas turbines over three years to power AI data center operations, as reported by WIRED on May 20, 2026 and Benzinga on May 21, 2026. The turbines feed the Colossus compute complex near Memphis, Tennessee.
What the $2.8 Billion Buys Of the total, roughly $2 billion is earmarked for mobile gas turbines, with a separate $805 million in turbine orders already placed and deliveries running through 2029. The power is for xAI, which is now part of SpaceX following a merger completed in early 2026 at a reported $1.25 trillion valuation, per Reuters, Built In and GovCon Wire. Teslarati reported in February 2026 that the merger was structured to keep legal liability and debt at arm’s length.
The scale of compute demand is visible in the tenant list. Data Center Dynamics reported on May 21, 2026, based on the SpaceX IPO filing, that Anthropic is set to pay Musk’s firm $1.25 billion a month to rent xAI data center space. On the call for SpaceX’s first quarter as a public company, Musk said AI segment revenue reached $2.6 billion, up 247% year over year, with compute capacity now at 1.4 gigawatts nameplate and a target of 20 gigawatts of power, cooling, and electrical equipment online by the end of 2027.
Why Gas, and Why Now AI data centers require large, fast-ramping loads that the U.S. grid often cannot supply on the required timeline. Some regions have imposed moratoriums on new data center grid connections extending into 2030. Operators are turning to on-site natural gas, sometimes called “behind-the-meter” or “dark energy” power. Electrek reported on August 10, 2026 that Musk’s Terafab chip plant will run on gas rather than Tesla solar.
The Memphis Backstory xAI has operated dozens of turbines near Memphis. Reported counts have ranged from roughly 46 to 69 turbines at various points in different reports, with only about 15 officially permitted by state regulators. xAI’s position is that trailer-mounted “mobile” units do not require the same state air quality permits as fixed installations. The EPA has determined this interpretation puts the company in violation of federal air pollution rules.
The NAACP and the Southern Environmental Law Center have sued xAI seeking an injunction, citing potential nitrogen oxide emissions of more than 2,000 tons annually in a region with among the poorest air quality in the country. The U.S. Department of Justice has weighed in on the company’s side, characterizing the turbines as a matter of national, economic and energy security, per Electrek reporting on June 17, 2026. The litigation remains active.
Where It Stands TechCrunch reported on July 31, 2026 that SpaceX will not remove all of xAI’s unpermitted turbines for another year. The AI Insider reported on August 3, 2026 that the unpermitted units will be phased out by 2027 while a permanent gas plant is built, reported at roughly 41 turbines in the 16 to 50 megawatt range. Battery storage is going in alongside the gas: Electrek reported on June 4, 2026 that xAI purchased another $269 million of Tesla Megapacks from Tesla (NASDAQ:TSLA).
Tesla shares closed at $342.27 on August 14, 2026, down 23.89% year to date. SPCX closed at $140. The unresolved question is whether Memphis becomes a template for how AI infrastructure gets built in the United States, or a warning.
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Cathie Wood’s ARK Invest has poured cash into Tesla (NASDAQ:TSLA | TSLA Price Prediction) at a pace unmatched among the Magnificent Seven, buying an estimated 450,000 shares across roughly 45 days from June 21 to Aug. 5, 2026, worth an estimated $170 million to $180 million. The buying trail, reconstructed from separately dated reports by multiple outlets rather than a single ARK or SEC disclosure, comes as Tesla stands out as the weakest Mag 7 name of the year. Per Motley Fool, ARK’s combined Tesla holdings across its ETF family stood at $870.6 million as of the Aug. 5 purchase.
Tesla’s 2026 Backdrop Through the Aug. 14 close, Tesla was down 23.89%, closing at $342.27, from $449.72 at the end of 2025. The rest of the Mag 7 looked very different: Meta down 10.49%, at $589.85; Microsoft up 2.89%, at $495.40; Alphabet up 10.65%, at $345.90; Apple up 12.84%, at $305.93; Amazon up 13.79%, at $262.65; and NVIDIA up 20.87%, at $225.16. Tesla is the only Mag 7 name down more than 20% on the year.
The stock fell 18% following its Q2 2026 earnings report, when Tesla posted Q2 revenue of $28.24B (+25.5% YoY) but non-GAAP EPS of $0.33 against a $0.54 estimate and operating margin compressed to 1.4%. The stock reached a fresh 52-week low around Aug. 5, 2026. Direction has since turned: Tesla is up 4.17% over the past week, from $328.58 on Aug. 7 to $342.27 on Aug. 14, though it is down 13.23% over the past month and up 1.99% over a full year.
The Reported Buying Trail Days after ARK trimmed Tesla to fund its SpaceX position, GuruFocus reported ARK bought 54,815 shares on June 21, 2026, followed by 21,226 shares on June 24, approximately $8.1 million. On July 2, 2026, ARK added 96,935 shares, approximately $38.1 million, reported as the largest single-day Tesla buy of 2026 to that point.
Blockonomi reported that immediately after the Q2 selloff, ARK bought 160,151 shares on July 23, 2026, roughly $50 to $60 million. Ark Invest Tracker via crypto.news then reported 40,281 shares on July 28, approximately $12.4 million. Motley Fool reported an estimated 45,000 shares on Aug. 5, approximately $14.3 million, with the exact share count backed into from the dollar amount and that day’s price.
What the Filings Can and Cannot Confirm ARK Investment Management’s 13F, filed Aug. 14, 2026 and covering the quarter ended June 30, 2026, reported 2,759,800 Tesla shares valued at $1,160,772,073, representing 0.0699% of the class. That filing also showed a net reduction of 71,529 shares over the second quarter. Readers can view it via Tesla’s SEC filings page.
The Motley Fool figure covers four ETFs as of Aug. 5, while the 13F covers the entire manager as of June 30. A 13F is a quarter-end snapshot with no trade dates and no individual buys or sells. The Q2 net reduction is consistent with the reported timeline, because ARK sold Tesla earlier in the quarter to fund SpaceX before resuming purchases in late June. The July and August buys fall in the third quarter, which will not be disclosed until roughly mid-November 2026, and only as a single net figure.
The Position and Broader Activity Per Motley Fool, the $870.6 million ETF-family position split as ARK Innovation Fund $545.4 million (10.06% weight), Autonomous Technology & Robotics ETF $181.1 million (9.79%), Next Generation Internet ETF $120.6 million (7.86%), and Space & Defense Innovation ETF $23.4 million (3.33%). Per TheStreet, during July 24 to 28, ARK also bought Circle Internet Group, WeRide, Kodiak AI and Pony AI while trimming Figma, 10x Genomics and Caterpillar.
Wood’s Stated Thesis Wood maintains a 2029 Tesla price target of $2,600 per share, implying an upside of more than 700% from recent levels. Her rationale centers on Tesla’s autonomous vehicle ambitions, robotaxis and full self-driving technology, which she has said represent most of Tesla’s upside. ARK has bought into most Tesla declines during 2026 rather than reducing exposure.
Wall Street sits far from that mark. The analyst target price is $395.34, with ratings split across 6 Strong Buy, 17 Buy, 18 Hold, 4 Sell and 2 Strong Sell. Whether Wood’s conviction pays off or compounds losses in the weakest Mag 7 name of 2026 remains an open question.
Contact [email protected] for any questions or corrections.
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Tesla shares have steadied after a rough stretch, closing at $342.27 on August 14, 2026, up 4.2% over the prior week even as the stock remains down 23.9% year to date. Tesla (NASDAQ:TSLA | TSLA Price Prediction) has a $1.4 trillion market cap and a trailing P/E of 311, with analysts holding an average target of $395.34. Here are six catalysts investors are watching, followed by the profitability problem that could stall them.
1. China Momentum Shanghai wholesale sales hit 93,579 vehicles in July 2026, up 37.85% year over year, a ninth consecutive month of growth and the best July on record. Year to date, China wholesale sales reached 561,528 units, roughly 29.88% higher than the same period last year. In Q2, Shanghai exports of 128,394 vehicles exceeded domestic deliveries of 126,157 for the first time.
2. Record Global Deliveries Q2 2026 deliveries reached 480,126, a second-quarter record, up about 25% year over year and past the 402,776 consensus, led by a European rebound (Reuters, July 2, 2026). Morningstar’s Seth Goldstein, who had modeled a third straight annual decline, said afterward it would be “very hard to see a decline for the full year.”
3. Sweden Overhang Cleared Swedish union IF Metall announced the end of its nearly three-year industrial action against Tesla on August 13, 2026, saying the conflict no longer had any effect after Tesla bought out the union’s striking members. Shares rose on the news.
4. Energy Expansion A proposed multibillion-dollar solar facility in Texas, known internally as Project Crystal Sun, would pair solar manufacturing with the Megapack and Powerwall business, aimed at meeting data center and industrial power demand. The EIA projects U.S. electricity consumption growing 1.3% in 2026 and 2.9% in 2027, with commercial demand leading.
5. Robotaxi Footprint Autonomous ride-hailing has expanded into Orlando and Tampa, alongside Austin, Dallas, Houston, and Miami, with Cybercab production expected to ramp later this year. Tesla said on the July call that “we have driven more than 380,000 miles of unsupervised Robotaxi” and Elon Musk added that growth was “more than 10% a week in terms of miles driven.” Commercial adoption remains early; the value is future potential.
6. Wall Street Underwrites the AI Story UBS raised its price target to $442 from $364, citing potential value from Optimus, Full Self-Driving, and the Dojo computing platform. Active FSD subscriptions reached 1.48 million in the second quarter, up 56% year over year, with attach rates above 55% on new North American deliveries.
The Profitability Problem Q2 2026 results were mixed. Adjusted EPS came in at $0.33 versus the $0.5367 consensus estimate, a 38.51% miss, while revenue of $28.24 billion beat by 7.10% and grew 25.52% year over year. Free cash flow turned negative at –$1.09 billion as capital spending surged 141.81% to $5.79 billion, and operating margin compressed to 1.4%. Musk guided that “CapEx for this year will be more than $25 billion” and rising further. Regulatory credit revenue keeps sliding, and Freedom Broker analyst Dmitriy Pozdnyakov estimated U.S. sales likely fell at least 10% in the quarter after the EV tax credit expired. The bull case is credible. The near-term earnings math is not, and that gap is what any rally must close.
Contact [email protected] for any questions or corrections.
Hartford Investment Management Co. reduced its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 155,635 shares of the electric vehicle producer’s stock after selling 4,628 shares during the period. Tesla makes up approximately 1.9% of Hartford Investment Management Co.’s portfolio, making the stock its 10th biggest holding. Hartford Investment Management Co.’s holdings in Tesla were worth $65,460,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of TSLA. Crestwood Advisors Group LLC boosted its stake in shares of Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after purchasing an additional 5,039 shares during the period. Calamos Wealth Management LLC lifted its holdings in Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after buying an additional 2,341 shares in the last quarter. Private Capital Advisors Inc. boosted its position in Tesla by 139.3% in the 4th quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock valued at $9,593,000 after buying an additional 12,417 shares during the period. Wealthquest Corp acquired a new position in shares of Tesla in the fourth quarter worth $1,035,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of Tesla by 34.8% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock worth $28,998,000 after acquiring an additional 16,652 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Key Tesla News Here are the key news stories impacting Tesla this week:
Positive Sentiment: Tesla reportedly plans to unveil its redesigned next-generation Roadster as early as August, potentially including a brief “flying” demonstration. The long-delayed launch is reviving enthusiasm around Tesla’s product pipeline and helped drive the latest move higher. Tesla to unveil redesigned Roadster Positive Sentiment: Tesla’s nearly three-year Swedish labor dispute is ending after the company bought out striking mechanics, removing a persistent operational and reputational overhang, although there was no union agreement. Tesla ends Swedish strike Positive Sentiment: TD Cowen reiterated its Buy rating and maintained a $460 price target. Analysts and commentators also point to Tesla’s premium positioning in China, record Shanghai exports and potential growth in robotaxis, Optimus and energy storage. TD Cowen reiterates Buy rating Positive Sentiment: Tesla is considering a $10.1 billion Texas solar manufacturing facility and broader domestic solar capacity, potentially strengthening its energy-business strategy and exposure to rising electricity demand. Tesla reveals Texas solar plans Neutral Sentiment: Average U.S. EV transaction prices rose 1.6% year over year to $56,126 in July as automakers reduced discounts. Higher pricing could support Tesla’s revenue, but weaker incentives may also pressure industry demand. EV prices are rising again Negative Sentiment: Critics continue to argue that Tesla’s valuation—roughly 317 times earnings—assumes strong execution despite margin compression, delayed products and competition from China and Waymo. Recent commentary also highlights the risk that energy investments may require substantial capital before producing returns. Negative Sentiment: Reports highlighting Elon Musk’s estimated $158.3 billion compensation package, equivalent to about 2.5 million times median employee pay, could intensify shareholder concerns about governance and pay practices. Tesla owners also face a deadline to claim payments from a California idle-fees settlement, creating a limited legal and reputational overhang. Elon Musk compensation report Tesla Stock Performance Shares of TSLA stock opened at $342.27 on Friday. The stock’s 50-day moving average price is $370.77 and its 200 day moving average price is $390.17. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.35 trillion, a PE ratio of 316.92, a price-to-earnings-growth ratio of 17.28 and a beta of 1.83. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, equities research analysts forecast that Tesla, Inc. will post 0.88 EPS for the current year.
Wall Street Analyst Weigh In A number of research firms recently issued reports on TSLA. Deutsche Bank Aktiengesellschaft set a $420.00 target price on Tesla in a report on Monday, July 27th. Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a research note on Friday, June 5th. William Blair restated a “market perform” rating on shares of Tesla in a research note on Thursday, July 2nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a research note on Tuesday, July 28th. Finally, Canaccord Genuity Group set a $410.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $401.74.
Check Out Our Latest Stock Report on Tesla
Insider Activity at Tesla In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the sale, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.
About Tesla (Free Report)
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
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Tesla (TSLA +0.68%) delivered record revenue and stronger vehicle deliveries, but falling operating profit, negative free cash flow, and slowing disclosed robotaxi momentum complicate the bull case. The numbers reveal a widening gap between Tesla's current earnings power and the enormous future growth embedded in its valuation.
Stock prices used were the market prices of July 29, 2026. The video was published on Aug. 16, 2026.
Rick Orford has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
While much of the conversation in the news cycles about Elon Musk today centers around Space Exploration Technologies Corp (NASDAQ:SPCX), EV giant Tesla Inc. (NASDAQ:TSLA) still remains an integral part of the billionaire’s business strategy.
While Tesla has increasingly emphasized AI, autonomous driving and humanoid robots like Optimus, investor Ross Gerber, the co-founder of investment firm Gerber Kawasaki and one of the early backers of the company, has publicly voiced his criticism of the pivot.
Speaking to Benzinga, the investor spoke in detail about Tesla’s challenges, pivot away from cars, Musk’s Robotaxi ambitions, a possible SpaceX merger and more. Here’s how the conversation transpired.
Ross Gerber Is Frustrated With Elon Musk’s ClaimsAs Musk, during SpaceX’s earnings call, predicted that the commercial spaceflight company could report $1 trillion in revenue annually as early as 2029, Gerber expressed skepticism about the claim.
"Considering the fact that my car still can’t drive itself, and he’s been saying it’s going to drive itself for 10 years, and I’ve been testing full self-driving for over five years, personally, I’m so frustrated with it," he said, adding that he was not keen on believing Musk’s timelines.
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"We know that he was going to make 20 million cars a year five years ago," the investor said, but Tesla was "stuck at two [million]." Gerber also expressed frustration with Tesla’s Robotaxi ramp. "We’re supposed to have cabs in all major cities right now. We don’t have one cab that works," he said, expressing his frustration as he called the billionaire’s claims "delusional."
SpaceX-Tesla Merger May Be Unfair For SpaceX Investors"I was more bullish on this [SpaceX merger] idea, before it went public than now," Gerber said when asked about a possible merger between the two enterprises. He expanded upon his view by saying that it was a "huge conflict having two public companies" that were “trading at different valuations."
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He said that if a merger were to happen, Tesla’s investors would be getting the "short end of the stick," touting SpaceX as a "much better investment" for people right now when compared to Tesla.
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"Tesla shareholders have been very loyal to Elon despite making no money for a long time. They’re going to want a premium on the price," Gerber said. "So if Tesla right now is trading at $1.3 trillion and SpaceX is trading at almost $2 trillion, it gets complicated," he added.
On the other hand, Gerber said that "if SpaceX bought Tesla at the current price, it would be dilutive to SpaceX. So SpaceX shareholders get screwed," adding that SpaceX was currently trading with a "forward PE" of 80, while "Tesla’s forward PE is like 150."
He then said that estimates for Tesla went down because of disappointing earnings, but SpaceX estimates remained the same. Ultimately, Gerber shared that any question about mergers rests upon whether SpaceX’s board, which is Musk and close associates, was willing to be "completely diluted" in the transaction.
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"What I fear is when the company combines and the market revalues it much lower because it’s not worth $4 trillion," he said, calling the valuation a "joke." Gerber also pointed to possible legal troubles following such deals. "You got two public companies, you get sued, because it’s a total conflict of interest, which he created," the investor said.
"But you know, I think that’s inevitable," he said. "I think in the end, a lot of people get screwed out of all this. And Elon will be the big winner. That’s what I think," Gerber said.
The Public Does Not Like ElonGerber lamented Tesla’s pivot away from vehicles to robotics and AI. Musk does not want to "sell cars to the public because the public doesn’t like him," the Gerber Kawasaki co-founder said. "He’s made his decision."
The investor then said that he would invest in marketing and advertising and "double Tesla sales" if he was "the President of Tesla" and he "took over the car business and the energy storage business."
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"There’s no more Elon, you know," he said, "Now we’re selling cars and maybe I’d reintroduce the Model S; I’d do the $25,000 car. I would make a truck that people would drive, you know, Tesla would do well," Gerber said, outlining his strategy to help Tesla focus back on its EV business.
SpaceX Merger in Parts?Still, Gerber was not opposed to some parts of Tesla merging with SpaceX, like the robots and the computational endeavors. The investor said that such a move would "align the businesses more, where the AI and all the moon shots are in SpaceX and Tesla could sell EVs and battery storage,” he said.
Gerber also opined that leaning into the EV and energy storage business, with soaring oil and gas prices, would be beneficial for the company. "Tesla still builds the best EVs," the investor said. "I think Tesla would double if it wasn’t involved with Elon," he added.
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He also criticized Tesla’s current vision, where it was a "world where we don’t have choice on how we get places," referring to a lack of choice in Tesla’s lineup. "All vehicles look the same," calling it "dystopian."
"All Teslas are three colors," he said, and then proceeded to point to a third-party market for wraps dedicated to Tesla vehicles because "nobody wants the same f**king Tesla," he said.
Construction Makes Full-Self Driving Extremely Difficult"It’s really nice to have Full-Self Driving," Gerber said as the conversation shifted to self-driving, but the investor added that it would be "great" if the system worked perfectly. Gerber predicted that it could one day work well, but that day was "not around the corner."
Speaking about the difficulty of navigating construction zones, an issue that has also presented challenges for autonomous-driving systems such as Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo, he said that driving on those types of roads was "extremely difficult" for the system.
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Gerber pointed out his personal experience of driving with FSD around his neighborhood in the Palisades, where roads were blocked due to construction. "It’s a mayhem," he said.
"It [Tesla FSD] doesn’t know what to do because it does not understand people waving at you," he said. He also said that Waymo avoided the problem by taking a different route, which was longer and "annoying."
Elon Musk Is ‘Stuck’Towards the end of the conversation, the investor said that Musk was "stuck" at this moment in time. "He’s got to get Starship working, he’s got to get Full Self-Driving working, he’s struggling to sell cars," he said.
Gerber also said that if the Iran war were to end soon and oil prices would go down, Tesla’s sales would also experience a downward trend. "He’s got all of these projects simultaneously, he’s digging holes in the desert and nothing’s really working," Gerber said, predicting an "extremely challenging" stage for the billionaire in the coming months.
Instead, Gerber said that investors should focus on what Musk was investing his money in and invest in those things. "Chips, equipment, build out stuff, infrastructure," he said. "Look at it this way, Elon’s a great customer, but I don’t know if you want to be the investor," he added.
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Check out more of Benzinga’s Future Of Mobility coverage by following this link.
