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 introduced the Model Y L Premium Launch Series in the US, featuring a longer wheelbase and a proper third row with six seats, priced at $61,990. This move fills the gap left by the discontinuation of the Model X and competes with other electric...
Wall Street analysts from top firms like Morgan Stanley, JPMorgan, and Goldman Sachs have issued strong buy ratings on SpaceX, forecasting an average price increase of 47% from its recent close of $160.42. Raymond James is the most optimistic, target...
Elon Musk's net worth fell by over $50 billion after SpaceX shares dropped nearly 7% below their $150 IPO price, alongside a 4% decline in Tesla shares. Despite the selloff, Wall Street remains bullish on SpaceX's long-term potential, with some analy...
Wall Street is increasingly considering a potential merger between Elon Musk's two major companies, Tesla and SpaceX. The firms have collaborated for years, with recent projects like a joint factory for advanced compute hardware announced in March. A...
Tesla has launched its Robotaxi service in Miami, marking its first city outside Texas and California. This expansion is significant as it demonstrates Tesla's push to grow its autonomous ride-hailing network. Investors are watching closely to see if...
