TSLA
From “lol” to let’s go
JPMorgan has basically done the full face-plant-to-fist-pump routine on Tesla. The bank’s new analyst, Rajat Gupta, took over coverage in early May and promptly tossed out years of bearish calls, lifting the price target from $145 to $475 and upgrading the stock to Neutral from Underweight.
That’s not a tweak. That’s a full personality transplant.
Tesla, but make it a robot movie
Gupta’s note rebrands Tesla as a “physical AI” story — less Detroit, more sci-fi side quest. The argument is that Tesla’s vertical integration, software stack, and data moat from millions of cars on the road make it more than just a legacy automaker with an EV logo slapped on top.
The bank’s long-term math is flashy too:
- EPS climbs from about $1.95 in 2026 to $7.50 by 2030
- Revenue nearly doubles to $203 billion by 2030
- Robotaxi and Optimus-related services are expected to do a lot of the heavy lifting
In other words: JPMorgan is betting Tesla’s future looks a lot more like a robotics platform than a spreadsheet full of car sales.
The market’s still wearing its skeptical sunglasses
The Street may have gotten a lot more optimistic, but prediction markets are still side-eyeing the hype. Traders on Polymarket are only giving Tesla a small chance of a California Robotaxi launch before the end of June, and the Optimus timeline is looking even squishier.
So you’ve got the classic market tug-of-war: one big bank saying the story has changed, while the crowd is basically asking, “Yeah, but can it actually ship?”
Why investors should care
A higher target from JPMorgan won’t magically make Tesla’s fundamentals sprint faster, but it can absolutely change the mood music. And for a stock like TSLA, mood is half the battle.
Big picture: Tesla just picked up a new bull from one of Wall Street’s biggest houses — and when the narrative flips this hard, the stock usually gets more interesting, not less.