TSLA
The stock isn’t just trading cars anymore
Tesla’s latest quarter did the usual Tesla thing: mixed numbers, big debate, and a stock that can’t decide whether it’s an automaker, an AI play, or a sci-fi side quest. Shares slipped after the call, but the bigger headline was what analysts zeroed in on next.
Goldman: nice progress, but don’t get ahead of yourself
Goldman Sachs’ Mark Delaney kept a Neutral rating on Tesla with a $375 price target. His read was basically: yes, the quarter had some bright spots — better-than-expected results, improving FSD subscriptions, and stronger margins — but free cash flow looked softer than the market wanted.
The vibe here is cautious optimism with a seatbelt on. Goldman thinks Tesla’s robotaxi and humanoid robot ambitions matter, but the path there may be slower and bumpier than the hype cycle would like.
Wedbush: now we’re talking AI fever dream
Wedbush’s Dan Ives kept an Outperform rating and called Tesla’s autonomy, robotics, and manufacturing push the company’s “golden goose.” He likes the heavier capex too, since that suggests Tesla is still building for the future instead of just polishing the hood ornament.
His takeaway: Tesla is morphing into a “physical AI stalwart,” which is Wall Street speak for “this is no longer just a car company, and the market needs to price that in.” But there’s a catch — he also trimmed revenue targets for the next few fiscal years and pushed out expectations for Cybercab and Tesla Semi volume production.
Big picture: the Tesla story just got more expensive
If you own TSLA, the question is getting simpler and weirder at the same time: can Tesla turn autonomy and robotics into real cash flow before investors get bored of waiting? For now, analysts still see upside in the AI narrative — but they’re also reminding you that moonshots tend to need, well, time and a lot of capital.