RBC Capital's analyst Tom Narayan upgraded Tesla stock to a Buy rating and raised the 12-month price target from $475 to $500, citing strong potential from the Robotaxi market and a possible SpaceX acquisition. This bullish stance contrasts with other Wall Street analysts who mostly recommend holding Tesla shares due to concerns over its core car business and stock performance in 2026. Tesla's shares have declined 8% year-to-date, and the average analyst price target suggests a slight decrease to around $400 in the next year. The upgrade highlights optimism about Elon Musk's strategy of merging his companies and expanding Tesla's market opportunities beyond traditional EV sales.
Tesla has started delivering its electric Semi trucks to customers nearly nine years after the initial announcement. The Semi targets the commercial freight market with a long-range variant offering 500 miles per charge, addressing rising diesel cost...
Tesla trades at high software-like valuations while still primarily earning from car sales, making its future dependent on successful AI and robotics product launches like Robotaxi and Optimus. Despite strong growth in Full Self-Driving subscriptions...
Tesla's stock has fallen 15.55% in 2026 but RBC Capital analyst Tom Narayan expects a 30% rally to $480 within 12 months, citing strong near-term execution and higher-than-expected Q3 deliveries of 464,000 vehicles. Tesla's Robotaxi is highlighted as...
Tesla has started delivering its all-electric Semi trucks to customers after nearly a decade of development and delays. The trucks, unveiled in 2017, aim to reduce emissions and lower fleet owners' total costs, with a range of up to 500 miles on a si...
Tesla has begun high-volume production of its Semi electric truck at a new factory in Sparks, Nevada, aiming for an annual output of 50,000 vehicles. The factory opening marks Tesla's first dedicated facility for heavy-duty electric trucks, with init...
