Tesla Trades Near $380 as Analysts Weigh AI and Robotaxis

Tesla shares traded at $372.97, down 1.28% on the day, as the automaker navigates high capital spending and mixed Wall Street sentiment. The stock is down 15.29% year-to-date within a 52-week range of $297.38 to $498.83.

CEO Elon Musk characterized 2026 as a "massive CapEx year," with the company building Robotaxi fleets, Optimus production lines, AI chips, and a semiconductor fab simultaneously. Capital spending is expected to exceed $25 billion, backed by $43.524 billion in cash.

Key facts

• Financial metrics: Second-quarter EPS of $0.33 missed the $0.5367 estimate amid a 47% rise in operating expenses, while free cash flow reached -$1.092 billion and operating margin stood at 1.4%.
• Wall Street consensus: The consensus price target sits at $395.57, with analysts split among 19 buys, 20 holds, and 4 sells.
• Autonomy progress: Robotaxi fleets have logged over 380,000 miles of unsupervised driving, and active Full Self-Driving subscriptions rose 56% to 1.48 million.

During the second-quarter earnings call, Musk stated, "This is going to be a great year for Tesla, I think. One of our best years ever. And then I think next year will be even better." Reaching a $600 valuation would require a 57% gain from current levels, with analysts modeling 14% revenue growth and 23% EPS growth in 2027.