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.
Baron First Principles ETF declined 3.99% in Q3, underperforming the Russell 3000 Growth Index due to worries over increased capital spending on AI chips and uncertain returns. Key holdings like SpaceX and Tesla saw share drops, while software compan...
Tesla stock rose 5% even as CEO Elon Musk warned that many Cybertruck buyers will have their deposits refunded due to production limits. Musk plans to halt Cybertruck production in about eight months to focus on Cybercab robotaxi output. Meanwhile, L...
Sargasso Capital Management released a report recommending Tesla and SpaceX combine into one company to accelerate collaboration on shared technologies like chips and energy storage. The proposal suggests an all-stock merger with Tesla as the survivi...
Tesla's stock is showing signs of further decline, with technical analysis pointing to a potential drop to $260 by early January 2027, a 27.45% decrease from current levels. The stock has been trading within a descending channel and recently failed t...
Tesla is launching its robotaxi service in San Antonio, Texas, starting Monday at 5 a.m., expanding its autonomous vehicle operations beyond Austin. This move positions Tesla against competitors like Waymo, which also operates robotaxis in several Te...
