Our Tesla Price Target Is $349 but the Risk Reward Cuts Both Ways Right Now
Briefly

Our Tesla Price Target Is $349 but the Risk Reward Cuts Both Ways Right Now
"Tesla's shares are down 19.82% year-to-date, falling from $449.72 at the start of 2026 to $360.59 as of April 2, with a 5.42% drop on the most recent trading day."
"The bull case rests on Robotaxi, Optimus, and Energy, with the Robotaxi program expanding to multiple cities in H1 2026 and FSD active subscriptions growing 38% YoY."
"Tesla posted non-GAAP EPS of $0.50 against an estimate of $0.47, a 6.38% beat, while revenue of $24.9 billion edged above estimates but fell 3.14% year-over-year."
"The energy segment was the bright spot, with record deployments of 14.2 GWh and revenue growth of 25% YoY, indicating potential for future profitability."
Tesla's stock has dropped 19.82% year-to-date in 2026, falling from $449.72 to $360.59. The company reported Q4 2025 earnings with a non-GAAP EPS of $0.50, exceeding estimates. Revenue reached $24.9 billion but declined 3.14% year-over-year. Vehicle deliveries fell 16% YoY to 418,227 units, and net income decreased 63.7% to $840 million. The energy segment showed growth, with record deployments and a 25% revenue increase. Future growth may hinge on the Robotaxi program, Optimus, and energy solutions.
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