Tesla Stock Nears Record High as Wall Street Eyes 2026 Robotaxi Launch
Tesla shares are approaching all-time highs in late 2025, fueled by a 28% rebound since November lows. The rally follows reinstatement of Elon Musk's compensation package and advancements in autonomous driving technology. Morningstar analyst Seth Goldstein notes robotaxi testing aligns with Q3 earnings call projections, suggesting 2026 could see nationwide Cybercab deployment.
Divergence emerges among analysts: Morgan Stanley downgraded TSLA to Equal-weight, while Wedbush maintains a $600 price target. The stock's trajectory hinges on successful commercialization of driverless taxis, with the tech sector's broader recovery providing tailwinds. Piper Sandler and Cantor Fitzgerald remain cautious amid execution risks.