Wedbush analyst Daniel Ives reaffirmed an 'Outperform' rating on Tesla, setting a $600 price target that suggests nearly 60% upside from current levels. This optimism is driven by Tesla's new focus on artificial intelligence and plans to build Terafab chip factories in Austin to support AI and computing needs for vehicles and robotics. The move aims to reduce Tesla's reliance on external chip suppliers amid industry-wide shortages and could deepen integration with SpaceX, hinting at a possible future merger. However, broader Wall Street sentiment is cautious, with a consensus 'Hold' rating and an average 12-month price target of $399.25, reflecting mixed views on Tesla's growth and valuation.
Traders on Polymarket have sharply reduced the likelihood of a Tesla-SpaceX merger announcement in 2026, with odds dropping to 11% for a deal by September and 24% by December. This decline contrasts with bullish analyst views, such as Wedbush's Dan I...
The National Transportation Safety Board (NTSB) reported that a Tesla driver pressed the accelerator pedal to 100%, overriding the Full Self-Driving (FSD) software, before crashing into a house in Katy, Texas, killing a resident. The Tesla was travel...
Google has announced its biggest solar power and battery storage purchase, investing in a project in Arkansas that will generate enough electricity to meet about 6% of the state's peak demand. The project, developed with Cypress Creek Energy, will ad...
Deutsche Bank reaffirmed its Buy rating on Tesla stock, setting a 12-month price target of $465, implying a 17% upside. The bank highlighted Tesla's long-term growth potential driven by autonomy, robotics, and AI, despite expecting Q2 earnings per sh...
The global hybrid robots market is projected to grow from $5.68 billion in 2026 to $10.03 billion by 2030, with a CAGR of 15.3%. Growth is fueled by advances in AI, autonomous operations, and smart manufacturing, alongside rising demand for robots in...
