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Tesla (NASDAQ: TSLA) shares have seen a significant recovery, currently up 13% on the year after previously declining nearly 40%. The company’s pilot robotaxi service was launched in Austin, Texas, this summer, and analysts like Dan Ives from Wedbush Securities predict that this could contribute to a $2 trillion market cap by 2026. Major investor Cathie Wood estimates the global robotaxi market could reach $5 trillion to $10 trillion.
However, Tesla faces challenges as sales are expected to decrease by 5% this fiscal year. The U.S. government has eliminated key electric vehicle subsidies, including a tax credit worth up to $7,500 and profit-generating regulatory credits, which could hinder demand and revenue in 2026. With both opportunities in robotaxi services and financial pressures looming, investor sentiment will likely fluctuate.
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