Tesla Stock Analysis
Tesla (NASDAQ: TSLA) closed at $434 on Tuesday, with analysts divided over its stock price potential. Piper Sandler, Canaccord Genuity, and Wedbush hold bullish views, setting price targets at $500, $450, and $600 respectively. Conversely, UBS and Barclays predict lower outcomes with targets of $364 and $360. The performance and future of Tesla stock will heavily depend on its upcoming robotaxi rollout.
Starting next year, robotaxi revenue is expected to contribute 1.6% of Tesla’s total revenue. By 2030, forecasts suggest robotaxi revenue could escalate to 20% of total revenue and make up about 30% of gross profit. Current Wall Street estimates project robotaxi revenue of $183 million in 2026, with a significant increase to $42,436 million by 2030.
Elon Musk has indicated that the robotaxi service may become widely available by the end of the year, although investors are advised to remain patient, as this expansion does not guarantee a large number of vehicles or locations initially. The rollout will depend on the validation and release of the full self-driving (FSD) software.
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