
Tesla (TSLA) Stock Forecast & Price Target
Tesla (TSLA) Analyst Ratings
Bulls say
Tesla is supported by strong automotive economics, with 3Q26 revenue of about $28.0 billion, gross profit of $5.5 billion, auto gross margin ex-credits expanding to 18.1%, and free cash flow of roughly $1.5 billion, while cash and equivalents ended at about $45 billion. Its bullish case is reinforced by record demand signals, including the largest backlog in 4 years, North America FSD attach rates above 75%, 1.74 million active FSD subscribers, and 3.3 million cumulative Robotaxi miles, which suggest rising software monetization and improving customer pull. The company’s vertically integrated platform across EVs, energy storage, charging, insurance, and emerging AI products like Optimus and Cybercab creates multiple high-margin growth avenues, with lower capex and strong liquidity preserving flexibility to fund scaling.
Bears say
Tesla is facing a more difficult fundamental backdrop because early high-volume Optimus production has started, yet management still says multiple issues must be resolved and that this could extend until the end of 2027. The lower 2026 capex guide to $20bln from $25bln suggests tighter investment discipline, but it also underscores pressure to balance growth with profitability as Q3 was helped by tariff refunds and Energy warranty benefits while overall Opex ran above expectations. Weighing a 0.5xRevenue car valuation, discounted autonomy assumptions, and risks from cost inflation, competition, regulation, supply-chain inefficiencies, and cyclical auto demand, the outlook remains negative.
This aggregate rating is based on analysts' research of Tesla and is not a guaranteed prediction by Public.com or investment advice.
Tesla (TSLA) Analyst Forecast & Price Prediction
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Tesla (TSLA) Analyst Forecast & Price Prediction
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