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Tesla's Robotaxi and Optimus projects drive a 6.8% price target upside despite 23% YTD stock drop.

Analyst Insights
28 Aug 2026
24/7 Wall Street
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Bullish
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Tesla's stock is down 23% this year but shows promise with the expansion of its Robotaxi service to seven US metros, the start of Cybercab production, and installation of Optimus manufacturing lines. Q2 2026 revenue rose 25.5% to $28.24 billion, though earnings per share missed estimates due to increased capital expenditures. Tesla's 24/7 Wall St. price target is $376.30, suggesting a 6.77% upside over 12 months, driven by strong growth in Robotaxi mileage and potential Optimus sales. Risks include compressed operating margins and high capex, but successful scaling of Robotaxi and Optimus could push the stock higher, with a bull-case target of $460.67 in one year.

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