FeesSafety
Pluang+

Tesla upgraded to Buy on AI growth, FSD adoption, and potential SpaceX merger synergies.

Analyst Insights
24 Oct 2026
Seeking Alpha
View Source
Bullish
Tesla upgraded to Buy on AI growth, FSD adoption, and potential SpaceX merger synergies.

Tesla has been upgraded back to a Buy due to strong support from its AI transformation and growing optimism about a potential merger with SpaceX. The adoption of Tesla's Full Self-Driving (FSD) technology is accelerating, with over 75% of new North American deliveries subscribing, potentially generating $1 billion in annual recurring revenue. While automotive sales remain the main revenue source for the next 12 to 24 months, energy storage and FSD/robotaxi services are emerging as key growth drivers. A merger with SpaceX could unlock significant synergies in AI and chip technology, helping stabilize Tesla's stock despite its premium valuation. Market activity shows that investors are still accumulating Tesla shares during price dips.

As of Oct 24, 2026 20:41 WIB, Tesla trades at USD 372.15, closer to its 52-week low of USD 298.16 than its high of USD 489.88, showing some room for growth relative to its recent peak. Despite a slight 0.65% dip in one day, the stock's market cap remains substantial at $1.47 trillion. On Pluang, the typical hold time is 88 days, with a slightly higher sell activity (56%) compared to buy (44%), indicating cautious investor sentiment amid ongoing developments like the potential SpaceX merger.

More News (TSLA)

Top analyst predicts Tesla could soar 60% despite recent spending cuts and stock slump.

Top analyst predicts Tesla could soar 60% despite recent spending cuts and stock slump.

Tesla's stock trades at $374.58, down nearly 25% from its 52-week high, amid a surprise 20% cut in capital spending and flat revenue growth. While most analysts have lowered earnings estimates and hold cautious views, Wedbush's Dan Ives forecasts a 6...

Analyst Insights
Bearish
1 day ago
Tesla's European EV sales jump nearly 70%, defying US market slowdown.

Tesla's European EV sales jump nearly 70%, defying US market slowdown.

Tesla's sales in Europe surged 69.9% in the first nine months of 2026, reaching 188,035 vehicles, contrasting sharply with a 30.7% decline in US EV sales. This growth is attributed to higher gas prices in Europe and Tesla overcoming previous politica...

Market News
Bullish
1 day ago
Questrade launches pre- and post-market equity options trading for faster reaction to news.

Questrade launches pre- and post-market equity options trading for faster reaction to news.

Questrade now offers pre-market (7:30 am to 9:25 am ET) and post-market (4:00 pm to 4:15 pm ET) trading for equity options on 29 selected stocks and ETFs, including major names like AAPL and TSLA. This allows investors to respond to earnings reports ...

Market News
Bullish
1 day ago
Tesla cancels Cybertruck in Australia, refunds deposits after 7 years of waiting

Tesla cancels Cybertruck in Australia, refunds deposits after 7 years of waiting

Tesla has officially stopped plans to produce the Cybertruck for Australia and New Zealand, informing reservation holders that deposits made since 2019 will be fully refunded. The decision stems from the high costs and engineering challenges of makin...

Market News
Bearish
1 day ago
SpaceX stock volatile but holds above IPO price amid strong Q3 and merger talks with Tesla.

SpaceX stock volatile but holds above IPO price amid strong Q3 and merger talks with Tesla.

SpaceX stock experienced significant volatility over the past month, with prices fluctuating between $104.83 and $225.64, currently trading near $149. Despite a recent 9.14% drop, the stock remains above its IPO price of $135. The company reported st...

Market News
Bullish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App