Recent Developments and Major News (November 2025)
Tesla Inc. (NASDAQ: TSLA) has been at the center of several high-profile developments in early November 2025. Most notably, shareholders approved CEO Elon Musk’s new $1 trillion performance-based pay package at the annual meeting on November 6 [1] [2]. This unprecedented plan – the largest in corporate history – ties Musk’s compensation to ambitious milestones such as Tesla delivering 20 million vehicles, deploying 1 million robotaxis and 1 million humanoid robots, achieving $400 billion in annual profit, and reaching a market capitalization of up to $8.5 trillion by 2035 [3]. Despite some major investors (like Norway’s sovereign wealth fund) and proxy advisory firms opposing the costly award, over 75% of votes cast were in favor, aided by Musk’s own ~15% stake [4] [5]. Investors largely viewed the vote as a signal of confidence in Musk’s vision, betting that keeping Musk at the helm will drive Tesla’s evolution into an “AI and robotics juggernaut” beyond electric vehicles [6] [7].
Musk wasted no time outlining that vision at the shareholder meeting. Taking the stage alongside dancing Optimus robots, he declared Tesla is embarking on “not merely a new chapter…but a whole new book” in its future [8]. He then unveiled a string of product and strategy updates: production of a dedicated robotaxi vehicle (the two-seater “Cybercab” with no steering wheel) will begin by April 2026, Tesla will finally unveil the next-generation Roadster sports car, and the company is considering building “a gigantic chip fab” for AI chips (potentially in partnership with Intel) to support its self-driving and robotics endeavors [9] [10]. Additionally, shareholders approved a proposal for Tesla to invest in Musk’s new AI startup, xAI, though many institutional investors abstained – reflecting some hesitancy about Tesla’s resources funding Musk’s side ventures without strong oversight [11] [12]. The meeting also saw three board directors re-elected and a move to annual board elections, as Musk quipped that “other shareholder meetings are like snoozefests, but ours are bangers… This is sick.” [13] [14]
However, not all recent news has been positive for Tesla. In early November, industry data showed Tesla’s sales plunging across several key European markets in October [15] [16]. Registrations fell by staggering amounts year-over-year – down 89% in Sweden, 86% in Denmark, ~50% in Norway and the Netherlands, and 31% in Spain [17] [18] – even as overall EV sales in Europe surged (e.g. Spain’s EV+PHEV sales jumped 119% in October) [19] [20]. Analysts attribute Tesla’s European slump to intensifying competition and an aging vehicle lineup. After years of Tesla dominating the market, consumers now have “more choice than ever” from new EV models launched by legacy automakers and ambitious Chinese brands [21] [22]. In Denmark and Spain, for instance, Tesla’s models were outsold by Chinese EVs like BYD, Xpeng, SAIC’s MG, and even newcomers Omoda and Zeekr [23]. Moreover, Tesla’s brand image in Europe has taken a hit due to Musk’s polarizing politics – his public alignment with far-right figures and even involvement in the 2024 U.S. election victory of Donald Trump have alienated some European consumers [24]. Despite still being Norway’s top-selling automaker in an almost fully-EV market, Tesla’s European market share through Q3 2025 is down ~28% year-to-date [25]. This setback in Europe underscores the regional headwinds Tesla faces, even as it pushes aggressive global growth plans.
Meanwhile in the United States, Tesla saw a surge in demand at the end of Q3 2025 as buyers raced to take advantage of expiring EV tax credits. U.S. EV sales hit a record 438,000 units in Q3 (up 30% YoY) after a rush of deliveries in late September, when a $7,500 federal EV incentive was slated to end under new government policy [26] [27]. Tesla led this “credit cliff” buying spree with about 41% of all U.S. EV sales – thanks largely to strong demand for its refreshed Model Y and updated Model 3 “Highland” sedan [28] [29]. This gave Tesla a big boost in its home market and helped Q3 deliveries reach new highs. However, the One Big Beautiful Bill Act (passed by the Trump administration) terminated the EV subsidy on September 30, potentially setting the stage for softer U.S. EV sales in Q4 as consumers now face higher effective prices [30] [31]. Tesla’s ability to weather this policy change will be closely watched – although the company’s scale and cost advantages (with multiple Gigafactories running near capacity) give it a cushion to adjust production faster than competitors [32]. Notably, Detroit-based rivals have started catching up: General Motors grabbed 15% U.S. EV share in Q3, thanks to its well-received (and cheaper) Chevy Equinox EV crossover – now the nation’s top-selling non-Tesla EV [33]. Tesla must now contend with these competitive and regulatory shifts in its largest market, even as it pursues growth in new domains like energy and AI.
Financial Performance: Q3 2025 Earnings and Business Updates
Tesla’s latest financial results highlight a company breaking records on the top line but facing pressures on profit margins. In the third quarter of 2025, Tesla delivered a record 497,000 vehicles globally (producing ~447,000) [34] [35], driving revenue to an all-time high of $28.1 billion [36]. This marked ~17% growth year-over-year in revenue [37], fueled by robust volume expansion. The company also achieved record energy storage deployments (12.5 GWh in Q3) and nearly $4.0 billion in free cash flow, bolstering its cash war chest to $41.6 billion [38] [39]. In Tesla’s words, the quarter showed “strength and growth across all regions” with record vehicle deliveries and record energy storage revenues [40] [41] – a testament to the company’s strategy of scaling its core businesses.
However, profits did not keep pace with revenue growth. Tesla’s Q3 GAAP net income came in at $1.37 billion, down 37% from a year ago [42] [43], and adjusted EPS of $0.50 narrowly missed Wall Street’s $0.54 consensus [44]. Automotive gross margin (GAAP) fell to 18.0% from about 19.8% a year prior, and the operating margin shrank to 5.8% (versus 10.8% in Q3 2024) [45] [46]. This margin compression reflects Tesla’s aggressive price cuts over the past year and higher costs. To sustain delivery growth amid rising competition and high borrowing costs for consumers, Tesla has repeatedly slashed prices on models like the Model 3 and Y. Those cuts have eroded per-vehicle profitability – a dynamic evident in the 40% year-over-year drop in operating income [47]. Tesla’s management acknowledged “higher average cost per vehicle” and factors like increased tariffs as weighing on Q3 earnings [48]. Indeed, new import duties (part of shifting trade policy) added costs, and operating expenses jumped ~50% as Tesla invests in R&D for AI, Optimus robots, and other projects [49]. In short, Tesla is prioritizing volume growth and technology investment at the expense of near-term margins.
On the earnings call, Elon Musk and team emphasized that these investments will pay off. Musk noted Tesla is expanding vehicle production “as fast as we can” to capitalize on scale [50]. The company introduced multiple new products and updates in Q3 aimed at stimulating demand and diversifying its revenue. For example, Tesla launched a long-wheelbase Model Y “YL” in China (a 6-seat, 3-row SUV variant) to appeal to that critical market [51]. It also rolled out new affordable “Standard Range” versions of the Model 3 and Y – hitting lower price points to broaden the customer base [52]. In the energy division, Tesla unveiled the Megapack 3 and a new “Megablock” utility-scale battery system, designed to reduce installation costs for large energy storage projects [53]. These moves align with Tesla’s long-term strategy: use its manufacturing scale and cost advantages to grow its fleet and install base, then monetize those assets over time via software and services. Every Tesla vehicle delivered, Musk reminded investors, is “designed for autonomy” and can eventually generate high-margin revenue through self-driving software, ride-hailing services, and upgrades [54]. Likewise, every Tesla battery deployed can participate in energy markets via AI-driven software (like Tesla’s Virtual Power Plant and Autobidder) [55]. This ecosystem approach – selling hardware at scale and reaping software/service revenue later – is core to Tesla’s value proposition and justifies, in Musk’s view, the heavy upfront investment in AI and robotics today.
Tesla’s executives did strike a cautious note on the macro environment. The company’s Q3 report cited “near-term uncertainty from shifting trade, tariff and fiscal policy” as a risk factor [56]. Indeed, abrupt changes like the U.S. tax credit withdrawal or potential European tariffs on Chinese-made EVs could distort demand and pricing. Musk has also been candid about the impact of high interest rates: expensive auto financing and higher costs of capital can dampen consumer appetite for big-ticket EV purchases. But Tesla expressed confidence that its balance sheet and cost structure can weather these challenges better than rivals [57] [58]. With over $40B in liquidity and industry-leading EV profit per vehicle, Tesla can afford to cut prices or invest through downturns in ways many competitors cannot. This financial resilience, combined with its technology roadmap, underpins management’s continued bullish outlook. During the earnings call, Musk even teased that Tesla’s growth plans could allow it to reach an annualized production rate of 3 million vehicles within the next 24 months under favorable conditions [59] – an aspirational target roughly 50% above the current ~2 million/year run-rate.
Analyst Commentary and Investor Sentiment
Wall Street’s sentiment on TSLA is notably divided, as the stock straddles the line between a car manufacturer and a high-growth tech play. As of mid-November 2025, the analyst consensus rating is essentially Hold. In the past three months, Tesla garnered 14 Buy, 10 Hold, and 10 Sell ratings [60] – reflecting a broad spectrum of views on its valuation and trajectory. The average 12-month price target sits around $382 per share, slightly below the current trading level (≈$400), implying modest downside according to consensus estimates [61]. This cautious stance stems from concerns about Tesla’s rich valuation and the uncertain timeline to monetize its bold initiatives in full self-driving (FSD) and robotics. Some analysts argue that Tesla’s market cap – which recently hovered around $1.5 trillion – has become heavily tied to “hype” over non-automotive projects that are “a long way off from profitability,” as one analyst put it [62]. In fact, Tesla’s valuation now exceeds 10× the combined market cap of Ford and GM, underscoring the disconnect between its lofty future expectations and its current auto business fundamentals [63]. This makes TSLA a challenging stock to recommend for value-focused analysts, especially after the huge run-up in recent months.
On the bullish side, Tesla’s ardent supporters see the company entering its most pivotal era yet – an AI-driven transformation that could justify another leg of growth. Wedbush Securities’ Dan Ives, a well-known Tesla bull, has been evangelizing what he calls Tesla’s “most important chapter ever” [64]. With Musk’s new pay plan settled, Ives says investors should now focus squarely on Tesla’s future in autonomous vehicles and artificial intelligence. He notes that Tesla is already piloting robotaxi services in Austin and the Bay Area (with safety drivers), and Musk aims to remove those safety drivers by year-end [65]. Tesla plans to expand autonomous ride-hailing tests to Miami, Dallas, Phoenix, and Las Vegas in the coming months [66]. Moreover, production of the first dedicated robotaxi model (Cybercab) is expected to kick off by April 2026, aligning with Musk’s promises [67]. On top of that, Tesla’s development of the Optimus humanoid robot is progressing – with a pilot production line already building units and ambitious plans to scale to 1 million robots per year in the future [68]. Ives argues that these AI-centric initiatives (robotaxis, Optimus, and the Dojo-powered FSD software) will transform Tesla’s business from one of selling cars into one of monetizing “physical AI” at scale [69] [70]. He currently maintains an “Outperform” (Buy) rating and a $600 price target – the highest on Wall Street – suggesting significant upside if Tesla executes on its AI vision [71]. In Ives’ view, the shareholder approval of Musk’s package was a strong vote of confidence, giving Tesla the green light to “fully pursue” these plans [72]. Other bullish analysts echo that sentiment: Baird’s Ben Kallo recently raised his target to $548, labeling Tesla the “leader in physical AI” thanks to Optimus and FSD, albeit cautioning that the payoff from these projects is still over the horizon [73]. Even Morgan Stanley’s Adam Jonas – historically mixed on Tesla – has leaned positive, upping his base case target to around $430 and floating a bull-case scenario of $800 if autonomous vehicle adoption accelerates [74]. Jonas cites rising investor interest in self-driving cars and Tesla’s progress in AI as justification for an “AI valuation phase” in the stock’s pricing [75].
On the other hand, several analysts and institutional investors remain skeptical or outright bearish. Tesla still has 10 active “Sell” ratings, and firms with more conservative outlooks point to intensifying competition, margin pressures, and execution risk. For example, analysts at Wells Fargo noted Tesla’s relative weakness in the EV market in late 2025 and advised caution, arguing that the stock’s huge premium is hard to defend until we see clear evidence of reaccelerating vehicle demand or successful commercialization of new technologies [76] [77]. Some also worry about Musk’s management distractions and the dilution risk from his massive stock grants. The proxy advisors ISS and Glass Lewis (whom Musk infamously blasted as “corporate terrorists” on the last earnings call [78]) had urged shareholders to vote down the pay plan due to its scale and Musk’s multiple commitments. While that advice was ignored by most, it highlights lingering corporate governance concerns. Additionally, institutional investors are keeping a close eye on Tesla’s strategic focus. The approval of investing in Musk’s xAI venture, for instance, came with many abstentions – a sign that big stakeholders want assurances Tesla won’t lose focus or commingle too much with Musk’s outside pursuits [79]. Large asset managers like BlackRock and Vanguard remain among Tesla’s top shareholders, but some funds have trimmed positions after the 2025 rally, locking in profits and moderating exposure due to valuation. Short interest in TSLA has also ticked up at times, as skeptics bet that the “AI hype” around the stock may be ahead of itself [80]. In forums and social media (X/Twitter), investor sentiment runs the gamut: prominent bulls like Gary Black outline multi-year price targets well above $500, citing catalysts like a potential “Model 2” affordable car launch and regulatory green lights for unsupervised FSD under the business-friendly U.S. administration [81]. Meanwhile, critics counter that Tesla’s stock is priced for perfection and could stumble if EV sales growth slows or if promised products hit delays. This divergence in sentiment means Tesla’s stock is likely to stay volatile, driven by news flow and the perceived progress (or lack thereof) toward its future tech ambitions.
Notably, one recent development cheered by many bullish analysts was Elon Musk’s open-market purchase of Tesla shares earlier in the fall. In September 2025, Musk bought roughly $1 billion worth of TSLA (around 2.6 million shares) after a steep dip in the stock [82] [83]. This marked his first significant buy in years and signaled to the market that he believes Tesla stock is undervalued. The CEO’s vote of confidence helped propel a strong rally – Tesla shares surged ~25% in the month following Musk’s purchase [84]. Musk’s continued high ownership (he still owns ~13% of Tesla post-pay-plan, and stands to gain more via the new award) aligns his incentives with shareholders, albeit at the cost of substantial potential dilution if all his stock tranches vest. Still, Musk has stated he has “everlasting confidence” in Tesla’s long-term prospects [85], and many investors are willing to ride out near-term turbulence on the strength of that vision.
Key Drivers for TSLA: EV Industry Trends, Competition, and Macroeconomic Factors
Several macro-level and industry-specific drivers are currently influencing Tesla’s performance:
- Interest Rates and Economy: The backdrop of high interest rates in 2025 has had a twofold effect on Tesla. First, elevated rates increase monthly payments for auto loans, making cars (especially big-ticket EVs) less affordable and potentially softening demand. Musk has frequently lamented that the “higher interest rates” and tighter monetary policy are acting like “a brake on the economy” and automotive sales. Secondly, high rates compress valuations for growth stocks – future earnings are discounted more heavily – contributing to volatility in TSLA’s stock price. However, there are signs this headwind may be easing. U.S. inflation has moderated from its peaks, and the Federal Reserve paused rate hikes in late 2025, with markets anticipating possible rate cuts in 2026 if the economy slows. Any hint of monetary loosening tends to boost tech and EV stocks. Indeed, Tesla’s stock rallied sharply in October partly on expectations that the interest-rate cycle was peaking, lifting risk appetite. Conversely, if rates stay “higher for longer,” it could dampen Tesla’s valuation and make its vehicles pricier just as competition intensifies. Tesla has responded by introducing cheaper models/variants and leveraging its direct sales model (which avoids dealer markups) to keep consumer costs down in a high-rate environment.
- EV Demand and Adoption: Global EV adoption continues its upward trajectory, but growth rates vary by region. In the U.S., EV sales were turbocharged in Q3 2025 by expiring tax credits, as discussed, and Tesla remains the dominant player with ~40% share [86]. Going forward, without federal incentives, EV demand in America may face a short-term plateau – consumers will be more sensitive to EV prices relative to gasoline cars, especially if gasoline prices are low. Tesla’s strategy of continuous price adjustments will be critical to stimulate U.S. demand. In China, the world’s largest EV market, Tesla faces fierce competition from domestic automakers. Companies like BYD, NIO, Xpeng, and Geely have flooded the Chinese market with new models across price segments, often undercutting Tesla on price. Tesla’s sales in China have been holding up relatively well (the Model Y is frequently a top-selling SUV), but market share has come under pressure as local brands offer more variety and benefit from national EV subsidies. Musk’s recent visit to China underscored the importance of that market; Tesla even launched the Model Y “YL” for China to cater to local preferences [87]. Maintaining growth in China is key to Tesla’s 2025–2026 outlook. In Europe, as noted, Tesla’s demand has slipped due to limited models (only S/3/X/Y currently) and rising competition, combined with some consumers’ disapproval of Musk’s politics [88]. Europe’s EV market is booming overall – EVs made up ~20% of new car sales in many countries – but Tesla’s slice of that pie has shrunk as VW, Mercedes, BMW, and others roll out compelling electric models, and as Chinese entrants make inroads with aggressive pricing [89]. To turn this around, Tesla is counting on the upcoming Cybertruck (in North America and maybe Europe later) and a rumored compact car to invigorate its lineup. In fact, many analysts believe Tesla will need to launch a lower-cost model (often dubbed the “Model 2”) around ~$25,000 to truly unlock mass-market volume and defend its global EV share as the market broadens. Hints from Musk and reports of a next-generation vehicle platform suggest such a car is in development, potentially for 2026 launch, which could be a game-changer in reaching new customers.
- Competition:Legacy automakers and startups alike are ramping up EV offerings, heightening competition for Tesla in every segment. In the U.S., Detroit’s Big Three (GM, Ford, Stellantis) have introduced electric pickups, SUVs, and crossovers – from Ford’s F-150 Lightning and Mustang Mach-E to GM’s Hummer EV and Cadillac Lyriq. While some have faced production hiccups or soft demand (Ford, for instance, recently scaled back its EV production targets amid high costs), there’s no question that Tesla no longer has the field to itself. GM’s Equinox EV success in Q3 shows a traditional automaker can compete on price and take share in the middle-market category [90]. European brands like Volkswagen ID series, BMW i series, and Mercedes EQ line are also strong contenders, especially in Europe where brand loyalty and build quality are factors. In China, dozens of EV models from domestic brands offer features tailored to local tastes (like better rear-seat amenities or integrated gadgets) often at lower price points than Tesla’s imports, forcing Tesla into periodic price wars in China. Tesla’s response has been to lean on its superior range/efficiency, its extensive Supercharger network (now being opened to other brands for additional revenue), and its software ecosystem (frequent OTA updates, FSD beta, etc.) to differentiate its products. Additionally, Tesla’s vertical integration and scale manufacturing (e.g. Giga Press castings, in-house battery initiatives) give it a cost advantage that CEO Mary Barra of GM has openly admired, noting Tesla’s lead in EV profitability. In one example, a teardown of Tesla’s Model 3 revealed it uses significantly less wiring than competing EVs, highlighting efficiencies that competitors are racing to replicate [91]. Tesla’s ability to maintain its technology lead – in battery tech, in-house chips, and autonomous driving – is central to fending off competition. The coming year will see the launch of new rival EVs (for instance, possibly Apple’s secretive car project or more Chinese exports to Europe) which could further challenge Tesla’s growth unless its products remain the most compelling.
- Regulatory and Political Environment: Government policies and regulations continue to play a big role in Tesla’s fortunes. On one hand, environmental regulations worldwide are steadily moving in Tesla’s favor – many countries (and U.S. states like California) have set timelines to phase out new gasoline car sales (often by 2035 or earlier), virtually guaranteeing a long-term rising tide for EV demand. Tesla, as the EV market leader, stands to benefit from any mandates or incentives promoting electric mobility. On the other hand, political changes have introduced new wrinkles. The U.S. administration under President Trump (elected in 2024) took a different stance on EV subsidies, ending the federal tax credit early in 2025 [92]. While this hurt near-term consumer economics for EVs, the same pro-business administration has been more permissive on areas like autonomous driving. Industry observers note that federal regulators have shown openness to streamlining approvals for self-driving vehicle deployment – a catalyst Musk has welcomed as Tesla pushes for fully driverless robotaxis. In fact, Musk ally and Tesla board member Larry Ellison hinted that a friendlier regulatory climate could see Tesla launching unsupervised FSD services sooner than previously thought [93]. In China, Tesla must navigate a delicate relationship with authorities amid U.S.-China trade tensions. Thus far, China has generally treated Tesla favorably (even exempting Tesla cars from certain purchase taxes), seeing it as a success story for EV adoption. But rising geopolitical frictions and China’s desire to boost domestic EV champions could pose risks – e.g., Tesla was recently left off a list of EVs eligible for a new subsidy in one province, sparking some worry. Another area of regulation is vehicle safety and autonomy. Tesla’s Autopilot and FSD beta systems remain under scrutiny from regulators (like NHTSA and the EU NCAP), especially after past accidents. Any regulatory clampdown – such as requiring additional driver-monitoring or limiting FSD usage – could slow Tesla’s autonomous rollout. Conversely, clear approvals for robotaxis or lenient oversight would give Tesla a green light to scale that business. Elon Musk’s own political moves (such as endorsing candidates or engaging in online feuds) also indirectly impact Tesla by shaping public perception and potentially consumer sentiment, as seen in parts of Europe [94]. All told, Tesla operates at the intersection of tech and transportation, meaning it must stay attuned to both environmental policy (emissions rules, tax credits) and tech policy (AI and safety regulations).
- Technological Innovation: A key driver that differentiates Tesla from other automakers is its pace of innovation in software, chips, and infrastructure. Tesla’s development of custom AI chips is a prime example – it designed the FSD computer for its cars and recently pivoted its AI training strategy. In August 2025, Musk actually shut down Tesla’s “Dojo” supercomputer project – a surprising move, calling it an “evolutionary dead end” – in order to focus on a new generation of in-car and data-center chips [95] [96]. Tesla is now working on “AI5” and “AI6” chips manufactured by TSMC and Samsung that will handle both vehicle self-driving inference and large-scale training, effectively replacing the Dojo system [97]. Musk reasoned that consolidating onto these chips (which will be 40× more powerful than the previous generation, he claimed) is more efficient than maintaining a separate supercomputer program [98] [99]. This bold strategic pivot shows how Tesla isn’t just an EV maker – it’s increasingly a chip designer and AI company competing with the likes of Nvidia. If Tesla’s AI hardware proves as good as promised, it could both supercharge its FSD capabilities and even become a product to sell (Musk has floated the idea of Tesla providing AI chips or software to other companies in the future). Furthermore, Tesla’s energy technology (from 4680 battery cells to Megapack grid batteries) and its burgeoning charging network business (now with partnerships to open Superchargers to Ford, GM, and others for revenue) are important drivers. These tech advantages – if sustained – give Tesla multiple paths to growth outside of pure vehicle unit sales. However, tech leadership is a moving target; rivals and tech firms are innovating too. Any slip by Tesla in areas like battery range leadership, software quality (FSD still has critics regarding safety), or manufacturing efficiency could erode its competitive edge. Thus far, Tesla has maintained a lead – e.g., its Model Y and 3 still often top efficiency and range rankings in their classes – but the company must continue to innovate relentlessly to justify its premium valuation in the face of hungry competition.
In summary, Tesla’s performance is being shaped by a mix of macroeconomic forces and industry dynamics. The company finds itself “weathering new tariff policies, a slowing EV market, higher interest rates, and increased competition”, as a Zacks analyst noted [100]. Yet, despite these challenges, Tesla has proved resilient – its stock is still up dramatically (nearly doubling in the past six months) amid what many call an “AI boom” narrative [101]. Going forward, Tesla’s ability to balance short-term execution in the EV business (hitting delivery targets, managing costs) with long-term innovation (robotaxis, robots, new models) will determine its success. Any macro improvements – like lower interest rates or new EV-friendly legislation – could act as tailwinds for TSLA. Conversely, an economic slowdown or policy setbacks (e.g. stricter regulations or trade barriers) are key risks to watch. Investors are thus carefully tracking indicators from EV order backlogs and pricing trends to Fed announcements and political developments, as these drivers feed directly into Tesla’s demand, margins, and market sentiment.
TSLA Stock Forecast: Short-Term and Long-Term Outlook
Short-Term (Next 3–6 months): In the near term, Tesla’s stock is likely to remain volatile but range-bound, as the market digests its recent run-up and mixed fundamental signals. After a strong rally through October that saw TSLA climb back toward all-time highs, the stock has pulled back in early November amid broader tech sector weakness. In fact, since Musk’s pay package win on Nov 6, Tesla shares slid about 10% during the subsequent week [102], reflecting a “sell the news” reaction and profit-taking by traders. Part of this decline was driven by a global tech sell-off as investors rotated out of high-valuation names; Tesla, trading at a high multiple of earnings, was not immune. As of mid-November, TSLA hovers around the $400 level, down from the mid-$450s peak it flirted with in late October. This cooling off has actually alleviated some overheated conditions – technical indicators like the Relative Strength Index (RSI) that flashed “extreme overbought” during the late-October high have now moderated [103]. Analysts expect choppy trading into year-end, driven by news catalysts like year-end delivery numbers, macro data, and any updates on new product timelines. If Tesla executes well – for example, if Q4 delivery figures (due in early January) hit a new record or if Musk provides an upbeat outlook at an upcoming event – the stock could make another run toward its highs. Some bullish commentators on X have even talked up a potential “Santa Claus rally” for TSLA, eyeing $500 by the end of 2025 in a super-optimistic case [104]. This would likely require a continued AI-fueled sentiment boost and no negative surprises.
However, risks in the short-term skew to the downside if certain issues arise. A key swing factor will be Tesla’s profit margins and any further price cuts. Should Tesla be forced into deeper price reductions to spur demand (especially post-tax-credit in the U.S. or to counteract competition in Europe/China), it could prompt analysts to trim earnings forecasts, pressuring the stock. Additionally, any macro shock – e.g., a spike in oil prices (though that can sometimes lift EV interest), a recessionary signal, or significantly higher bond yields – could hurt high-beta stocks like Tesla. On the regulatory front, the NHTSA is expected to release findings from ongoing investigations into Tesla’s Autopilot safety; a negative report or recall could be a short-term headwind. That said, Tesla’s sheer momentum and retail investor support often make it quick to rebound from dips. The stock has a history of steep short-term drops followed by furious rallies, as dip-buyers (and sometimes short-squeezes) kick in. Many institutional investors missed the big move earlier in 2025 when TSLA bounced from ~$220 in spring to ~$450 by fall [105] [106]. Those underweight funds may step in on any significant dip, providing support around key levels. In summary, our short-term forecast sees TSLA trading in a broad range roughly between $350 (support) and $470 (resistance). Barring unforeseen shocks, it may consolidate in the low-to-mid $400s as investors await clarity on early 2026 demand and the pace of Tesla’s AI ventures.
Long-Term (Next 1–3 years): Over a longer horizon, the outlook for Tesla remains bullish but heavily dependent on execution. The company’s long-term targets and Musk’s bold promises paint a picture of dramatic growth: Tesla aims to eventually produce 20 million cars per year (a nearly 10× increase from ~2M/year currently) while building new income streams from autonomous taxis, energy products, and possibly humanoid robots. Achieving even a portion of these goals could justify a substantially higher valuation – for instance, Musk’s performance award milestones implicitly call for Tesla’s market cap to roughly quintuple to $8.5 trillion by 2035 in the most optimistic scenario [107]. Translating that to a 3-year view, some bulls see Tesla becoming a multi-trillion dollar company by late this decade if things go right. ARK Invest’s Cathie Wood (a well-known Tesla uber-bull) has in the past projected TSLA could hit several thousand dollars per share by 2027 under her best-case scenarios, factoring in robotaxi platform revenues and AI. More concretely, Wall Street analysts’ longer-term price targets for 2025–2026 cluster in the $300–$500 range, with outliers like Ives at $600. This suggests moderate upside from current levels if Tesla delivers solid growth, but not without risks.
Key drivers for Tesla’s long-term stock performance will be:
- Growth in Vehicle Sales and New Models: Tesla needs to continue growing unit sales ~+20–40% annually to support its valuation. That likely means launching new models (Cybertruck, compact car, revamped Roadster) and expanding capacity (new gigafactories in places like Mexico or perhaps India). If Tesla surprises the market with an announcement of a $25k mass-market EV earlier than expected, it could trigger a bullish re-rating on volume potential. Conversely, if EV demand plateaus or Tesla loses share to competitors, growth estimates for Tesla would be cut, weighing on the stock. As of now, analysts are watching how quickly Tesla can ramp the Cybertruck in 2026 – this vehicle has over a million reservations reportedly, and its production will test Tesla’s manufacturing prowess (with its novel steel exoskeleton design). A successful Cybertruck launch could add significantly to revenue and profit (given its likely high price and margins) and open up the large pickup truck market to Tesla.
- Autonomy and Software Monetization: Perhaps the biggest wildcard in Tesla’s long-term story is its Self-Driving and AI initiatives. If by 2026–2027 Tesla manages to deploy true Level 4/Level 5 autonomous robotaxis in multiple cities, it could start generating recurring high-margin revenue from a ride-hailing network (taking a cut of rider fares). Musk has claimed a Tesla in robotaxi service could generate $30,000+ a year in revenue, which if scaled to hundreds of thousands of vehicles, is enormous. While such claims are speculative, any concrete progress toward full self-driving capability (like regulators allowing FSD to operate without a human backup, or Tesla dramatically improving FSD safety metrics) would likely send the stock soaring on future earnings potential. Additionally, Tesla’s large fleet (over 5 million Teslas on the road by some point in 2026) presents an opportunity for ongoing software sales – from FSD subscriptions (currently ~$199/month) to upgrades, apps, and services delivered via its platform. If Tesla can convert a large portion of owners to paid software packages (FSD, entertainment, connectivity, etc.), it adds a high-margin, recurring revenue stream that traditional automakers lack. Achieving say 10 million FSD subscriptions is one of Musk’s pay plan targets [108], and while that might be far off, even a couple million subscribers would greatly boost profits. On the flip side, if autonomous driving continues to be elusive – whether due to technical hurdles or regulatory delays – investors might lose patience with Tesla’s promises. The stock could de-rate closer to an auto-industry P/E multiple (far lower than its current multiple) if it becomes clear Tesla’s AI projects won’t materially contribute to earnings for many years.
- Margins and Manufacturing Efficiency: In the long run, Tesla’s ability to maintain healthy margins at scale will be crucial. Bulls argue Tesla can eventually restore and exceed its prior automotive margin highs once temporary drags (like recent price cuts and ramp-up inefficiencies) are overcome. They point to Tesla’s new factories getting more efficient, battery cost reductions, and the eventual introduction of fully autonomous driving (which would let Tesla potentially sell software for pure profit). For instance, Tesla’s adjusted EBITDA margin was ~15% in Q3 2025 [109] – decent, but down from ~23% at its peak in 2021. If Tesla can climb back toward 20%+ margins by, say, 2026 through economies of scale and technology, it would generate enormous cash flows given the higher volumes. Moreover, Tesla’s energy business (Megapacks, solar, etc.) is scaling rapidly (storage deployments up triple-digits in 2025) [110] and could contribute more to profits. Long-term investors see Tesla not just as a car company, but as a vertically integrated clean energy and tech company with multiple profitable divisions (auto, energy, software, maybe even AI hardware). Continued margin expansion and diversification of profit streams would support a higher stock price. However, there are risks: battery raw material costs, for example, could surge if there’s a commodity crunch, squeezing margins. Legacy automakers are aggressively cutting EV prices too (willing to sacrifice their own margins) which could force Tesla into a price war that keeps its margins middling. And if a global recession hits in 2026–27, Tesla might have to choose between sustaining volume growth (via discounts) or protecting profitability – a situation that could spook investors either way.
- External Factors and Competition: Over a 1–3 year horizon, Tesla will likely face new challengers it hasn’t before. Tech giants like Apple or Alphabet (Waymo) might make deeper forays into mobility, either via an Apple Car or expansive robotaxi services, respectively. Legacy automakers will have had more time to retool factories for EVs and could start achieving scale economies closer to Tesla’s, potentially narrowing the cost and range advantage Tesla enjoys. Additionally, government industrial policy (such as the EU potentially imposing tariffs on Chinese EVs, or the U.S. incentivizing domestic battery production) can reshape competitive dynamics in ways that help or hurt Tesla. Tesla’s nimbleness in adapting to such shifts will influence its market share and investor confidence. The company’s foray into markets like India (where Tesla has been in talks to set up a factory) or Southeast Asia could open new growth frontiers, but also bring execution complexities. Over three years, we may also see consolidation in the EV startup space – some competitors could fail or be acquired, potentially reducing the competitive field, or conversely, a dark horse competitor could emerge with breakthrough technology.
Considering all these factors, our long-term forecast for Tesla’s stock remains optimistic, albeit with a wide range of outcomes. If Tesla delivers on even a portion of its bold plan – say, doubling vehicle deliveries by 2027 while launching a profitable robotaxi business – TSLA could justify valuations well above $500/share. In a blue-sky scenario floated by Wedbush’s Ives and others, Tesla might trade in the mid-triple-digits ($600+) as the market starts valuing it more like a tech platform/AI company than a carmaker [111]. That would likely require clear strides in FSD (e.g., one million robotaxis operating by then, which is Musk’s own target [112]) and continued dominance in EV market share globally. On the conservative side, if Tesla merely grows steadily but doesn’t produce a new blockbuster product or service, the stock could hover around its current levels or moderately higher, with earnings growth catching up to valuation. Some analysts from JP Morgan and others with Sell ratings have price targets in the $150–$250 range, which essentially assume Tesla struggles with demand or margins and gets re-rated closer to an auto industry multiple. While that bearish outcome seems less likely given Tesla’s recent momentum, it’s not impossible if multiple headwinds hit (for example: a major economic downturn + EV oversupply leading to price wars + no progress on autonomy).
Most likely, the truth will lie in between. We expect Tesla to outperform the broader auto market in growth, and thus maintain a premium valuation, but the stock’s upside will only be unlocked gradually as Tesla proves its new ventures. Each milestone – be it the first fleet of true self-driving Tesla taxis, or the first year of 50%+ growth in energy revenue, or hitting a certain cost per kWh battery milestone – will act as validation, potentially boosting the stock incrementally. Investors should be prepared for continued volatility and the possibility of “two steps forward, one step back” in the share price. In practical terms, long-term TSLA holders are betting that by 2028 or so, Tesla will look far more than an automaker: perhaps as an AI-driven transportation and energy titan. If that vision materializes, today’s valuation will in hindsight look reasonable or even cheap. If it doesn’t, a lot of air could come out of the stock.
At present, considering known information, we lean towards a positive long-term bias: Tesla’s strong execution in manufacturing, its lead in EV profitability, and its bold bets on future tech give it multiple ways to create shareholder value. Many institutional investors have thus far treated Tesla as a must-own name for exposure to the EV and clean tech revolution. Barring a dramatic change in the competitive landscape, that thematic tailwind – the electrification and AI-autonomy mega-trend – should continue to attract capital to TSLA over the coming years.
Technical Analysis: Chart Patterns and Key Levels
From a technical perspective, Tesla’s stock has been in an uptrend for most of 2025, but with significant swings along the way. After plunging to a low around $220 in spring 2025 amid market turmoil, TSLA staged a powerful recovery. It broke out of a four-month symmetrical triangle pattern around September [113], signaling the end of a consolidation phase. The breakout was confirmed by heavy trading volume and saw the stock push above the $400 mark for the first time in nearly a year [114] [115]. In technical terms, this established a bullish continuation pattern – essentially a “coil” or triangle resolving to the upside, which typically suggests further gains ahead. Indeed, Tesla proceeded to rally in October, notching a 5-day winning streak and nearing its 2025 highs around $450+. During this rally, momentum oscillators like the RSI confirmed the strength, even as they entered overbought territory [116]. The stock at one point even traded above the upper Bollinger Band, reflecting short-term overextension.
In early November, TSLA’s momentum stalled and reversed as profit-taking set in. This pullback has brought the stock back below some short-term moving averages, introducing a more neutral near-term technical picture. For instance, Tesla’s price has dipped under its 10-day and 20-day exponential moving averages (which are around $435 and $439, respectively) – those now act as near-term resistance levels [117] [118]. It also fell under the widely-watched 50-day moving average (around $428) during the mid-November sell-off [119] [120]. However, importantly, Tesla’s stock remains above its longer-term trend lines. The 100-day EMA near ~$394 has so far provided support – TSLA bounced when approaching that area [121] [122]. And the 200-day simple moving average, which tracks the long-term trend, sits around $338 [123]. Tesla is well above that, indicating the long-term uptrend is intact despite the recent dip. In fact, the 200-day has been sloping upward throughout the second half of 2025, reflecting improving sentiment over a multi-month timeframe.
Chart analysts are eyeing a few key technical levels going forward. On the support side, the first zone is around $390–$400, where the 100-day average and round-number support converge. This level also roughly coincides with an open gap from late October and prior resistance that could now act as support (polarity change). A decisive break below ~$390 on high volume could signal further downside, potentially bringing Tesla to test the $350–$360 area. That region has historical significance – $350 was roughly a pivot in late 2024 and also near the 50% retracement of the 2025 rally. Below that, the 200-day MA near $338 is the next strong support; bulls will fiercely defend that as the line in the sand to keep the long-term uptrend alive [124]. On the resistance side, Tesla faces overhead supply in the $440–$460 range. Multiple attempts to break past ~$450 have faded, so that marks the immediate hurdle for another leg up. If TSLA can close above $460 with conviction, technicians note it would likely retest its all-time highs around $480–$500 (the record peak, post-split, was approximately $488 back in late 2024) [125]. Above that, there isn’t much historical resistance – it would be new high territory, where psychological levels like $500 could come into play.
Chart patterns indicate that Tesla might currently be forming a bull flag or pennant after the big run. According to Zacks/TradingView analysis, after the September breakout, TSLA shares have been “coiling in a classic bull flag pattern.” [126] In mid-October, the stock actually completed an ascending triangle formation by breaking upward, which was a bullish sign [127]. The subsequent consolidation (the flag) is viewed as a healthy digestion of gains. If Tesla’s upcoming news (like earnings or deliveries) exceeds expectations, it “should make a run at its previous all-time high of $488,” as one analyst predicted [128]. Conversely, disappointments could see the stock retreat to around the $400 level where the rising 50-day MA was, which indeed happened after the Q3 earnings miss [129]. For now, the overall technical consensus is mixed. TipRanks’ technical analysis summary shows a short-term Sell bias on moving averages (with many MAs bearish after the pullback), but longer-term indicators like MACD remain slightly positive [130]. Specifically, all of the 5-day to 50-day moving averages are currently signaling Sell, whereas the 100-day and 200-day are still a Buy signal (price above those levels) [131] [132]. This juxtaposition suggests short-term downtrend within a long-term uptrend. Traders often interpret that as a potential buy-the-dip setup, assuming the long-term trend reasserts once the short-term correction is over.
Another technical indicator to watch is volatility and volume. Tesla’s average true range (ATR) has been elevated, meaning the stock is making bigger daily swings – not surprising for a high-profile momentum stock. Volume spiked during the late October rally and again during the early November sell-off, indicating strong participation by traders in both directions. A decline in volume as the stock consolidates around $400 could imply selling pressure is waning. Conversely, any breakout above $450 or breakdown below $390 should ideally be accompanied by a volume surge to confirm the move. Options market activity also hints at significant open interest around strike prices $400 and $450, which could create pinning effects or rapid moves if those strikes are surpassed.
In summary, Tesla’s chart shows a stock that had a robust uptrend, hit some resistance near prior highs, and is now retracing modestly to recharge. As long as it holds above key support levels (particularly the ~$350–$400 zone), the bulls retain the technical advantage. The presence of a long-term bullish structure (higher highs and higher lows on weekly charts) means the path of least resistance still leans upward. Near-term, however, Tesla may need a strong catalyst to break out decisively. Absent that, range-bound trading could continue, with traders buying dips and selling rips in the interim. Technical analysts are keeping an eye on chart patterns like potential “bullish triangles” forming – any tightening price range could precede the next big swing [133]. Notably, some TradingView chartists have identified a “bullish ascending triangle” on the weekly chart that already broke out earlier this fall [134], implying a longer-term target that could be significantly higher (some have thrown out $600 as a speculative technical target if the pattern plays out fully [135]). Such projections are of course contingent on supportive fundamentals. Thus, while the technicals provide a framework – support at $390, resistance at $450, uptrend intact – Tesla’s next big move will likely be driven by the fundamental developments discussed earlier. As always with Tesla, traders should brace for surprises, and manage risk accordingly in this high-flying stock.
Executive Statements and Guidance
Finally, it’s worth highlighting recent commentary from Tesla’s leadership, which often moves the stock given Elon Musk’s outsized influence on the narrative. During the Q3 earnings call on October 22, Musk was characteristically forward-looking. He talked up future products and innovations even as he acknowledged near-term profit pressures. One focal point was the Optimus humanoid robot: Musk mentioned Tesla is working on Optimus V3 and plans to reveal the next-generation prototype by “February or March” 2026 [136]. He called Optimus development “challenging but with huge upside,” underscoring Tesla’s belief that robots could eventually become a major product line (with applications in factories and maybe consumer markets). Musk also gave more insight into the autonomous strategy, stating he expects Tesla robotaxi operations in “8 to 10 metro locations” by the end of 2025 [137]. He explicitly named expansions into parts of Nevada, Florida, and Arizona, building on the initial deployments in Texas and California [138]. This suggests Tesla is rapidly negotiating with local regulators to enable early robotaxi services (likely still with safety drivers until approvals for full self-driving are granted). Such comments reinforce that Tesla sees itself on the cusp of a commercial robotaxi rollout, which could dramatically change the conversation around Tesla in 2026 if it comes to fruition.
In terms of vehicle business, Musk’s guidance was to keep scaling production aggressively. He noted that Tesla is not demand-limited globally at the moment – rather, they are pushing to “expand production as fast as possible” across factories [139]. He did hint at some concern over economic uncertainty by mentioning Tesla would be careful in a high-rate environment, but overall, his tone suggested confidence that if Tesla builds it, demand will follow, due to their pricing actions and product appeal. Importantly, Musk reiterated Tesla’s long-term growth plans are intact, and even aspirationally said Tesla could reach a 3 million/year run rate within a couple of years with enough factory output [140]. On the call, CFO Vaibhav Taneja echoed that Tesla is navigating “shifting tariff and fiscal policies” and noted the impact of tariffs on costs [141] – a rare admission that geopolitics had hurt their margins. But he and Musk both implied these were manageable headwinds and that Tesla would continue investing in future growth areas (AI, new models) despite short-term earnings hits.
One interesting moment was Musk’s fiery criticism of proxy advisory firms on the earnings call. Knowing that a shareholder vote on his pay package was looming (Nov 6), Musk took the opportunity to slam ISS and Glass Lewis – which had recommended shareholders vote against his $1T package – calling them “corporate terrorists” who often make “terrible recommendations” that could hurt Tesla [142] [143]. He argued that he doesn’t want to build Tesla’s AI and robotics arm only to be ousted due to such firms’ influence, hence his desire for compensation that ensures he remains in charge [144] [145]. This blunt rhetoric made headlines and revealed Musk’s frustration with any opposition. Ultimately, as we know, the shareholders sided with Musk. His remarks also imply he is all-in on leading Tesla’s next chapter (he quipped he can’t get super-voting shares like some founders, so this pay plan is his way of solidifying commitment) [146]. For investors, Musk’s passion here is a double-edged sword – it guarantees Tesla will continue to benefit from his vision and drive, but it also highlights key-man risk and governance controversies that can weigh on sentiment for some institutions.
Outside of formal calls, Elon Musk’s public statements on social media and interviews continue to shape Tesla’s image. In recent months, Musk has used X (formerly Twitter) to provide tidbits on technology: for instance, he tweeted about Tesla’s upcoming “AI5” chip being 40× more powerful than the current one, boasting about its capabilities [147]. He also confirmed directly on X the shutdown of Dojo and shift to AI6 chips, as discussed, showing his willingness to pivot strategies for efficiency [148] [149]. Such candid updates give investors insight into Tesla’s R&D direction (and likely contributed to the market’s positive view of Tesla as an AI play). Musk’s social media presence, however, also courts controversy. His combative or offbeat tweets can sometimes spark short-term stock moves if they involve Tesla pricing (e.g., announcing a price change or a new product) or macro commentary (he’s opined on interest rates and political matters that indirectly signal his view on the economy). So far in late 2025, Musk has mostly kept his tweets focused on product and technology, which investors appreciate; there’s been relatively less of the market-moving antics like the infamous “funding secured” tweet of years past.
In terms of formal guidance, Tesla itself does not provide traditional quarterly or annual earnings guidance. It has long-term targets (50% average annual delivery growth, though with the caveat that it will vary by year). For 2025, Tesla had not explicitly guided a deliveries number, but analysts infer from capacity that Tesla could hit around 2 million vehicles for the full year if demand and production hold up. Any deviation from that (say, only reaching ~1.8M) could be interpreted from the Q4 delivery report and might affect forecasts. Tesla’s executive team often shares qualitative guidance on calls – for example, confirming that the Cybertruck is on track for initial deliveries (indeed, the first Cybertrucks were delivered to customers in late November 2025 at a handover event, just after the period of this report). Similarly, they might guide that the next factory location will be announced in the coming year (rumors swirl about a potential India Gigafactory or a second plant in Europe). Such forward-looking statements keep investors excited and tend to support the stock on optimism. But they also set up execution expectations; if Tesla fails to meet a timeline Musk projected (a not uncommon occurrence given his history of ambitious timelines), the stock can react negatively.
As of now, the guidance from Tesla’s leadership can be summarized as: continue to grow at a rapid pace, while pioneering the future of AI-driven transportation. Musk’s statements about robotaxis by year-end, Optimus robot development, and even needing a semiconductor fab, all indicate Tesla is stretching beyond a car company to something more futuristic. For investors and analysts, the challenge is gauging how much of this future is realistically attainable and on what timeline. Tesla’s executives remain confident that their “Master Plan” (now in its Part IV, focusing on sustainable energy and AI at scale [150]) is on course. They caution about macro uncertainties but fundamentally have not wavered from the goal of eventually selling tens of millions of EVs and leading in autonomous tech and energy.
In conclusion, Tesla Inc. enters late 2025 at an inflection point. The company is firing on many cylinders – breaking revenue records, expanding into new ventures, and enjoying a renewed stock rally – yet it also faces formidable challenges from competition and economic forces. The stock’s rich valuation implies that investors have already “priced in” a lot of Tesla’s ambitious future. To justify further upside, Tesla will need to execute exceptionally well, continuing its breakneck growth in the EV business and proving that its AI and robotics bets can translate into real profits. In the coming months, keep an eye on delivery and margin trends, any breakthroughs (or setbacks) in full self-driving deployments, and how global EV market conditions evolve post-incentives. Tesla has often surprised both its critics and fans – and as 2025 turns to 2026, the stakes will only get higher for this iconic company’s stock.
Bottom Line: Tesla (TSLA) remains a top story stock – blending high-growth EV fundamentals with speculative AI-driven potential. Recent news (record deliveries, Musk’s mega pay plan, product reveals) has enhanced the long-term narrative, even as near-term headwinds (margin compression, Europe weakness, macro risks) persist. Short-term, TSLA may trade sideways amid volatility, but the long-term bull case is intact if Tesla continues to innovate and lead. Investors should expect the ride to be bumpy, yet Tesla’s trajectory towards an “AI and robotics juggernaut” under Musk’s leadership makes it one of the most compelling – and debated – stocks in the market going forward.
Sources:
- Tesla Shareholder Meeting Highlights – Reuters, Nov 7, 2025 [151] [152]
- Musk Pay Package Approval and Goals – Reuters [153] [154]
- Europe Sales Slump Data – Reuters, Nov 3, 2025 [155] [156]
- U.S. EV Sales Surge (Tax Credit Expiry) – Motorwatt, Nov 5, 2025 [157] [158]
- Q3 2025 Record Deliveries and Financials – Tesla IR and Business Insider [159] [160]
- Margin and Profit Decline – Tesla Q3 Update [161] [162]
- Product Launches (Model YL, Megapack 3) – Tesla Q3 Update [163] [164]
- Analyst Perspectives (Dan Ives $600 Target) – TipRanks/Yahoo Finance [165] [166]
- Bull vs Bear Sentiment – WebPro News (summarizing analyst views) [167] [168]
- Musk Quotes on Earnings Call – Business Insider, Oct 22, 2025 [169] [170]
- Interest Rates & Competition Commentary – Zacks/Nasdaq Preview [171]
- Technical Analysis Data – TipRanks Technicals [172] [173]
- Chart Pattern Breakout – WatcherGuru (Sep 2025) [174] and TradingView via WebPro [175].
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.reuters.com, 16. www.reuters.com, 17. www.reuters.com, 18. www.reuters.com, 19. www.reuters.com, 20. www.reuters.com, 21. www.reuters.com, 22. www.reuters.com, 23. www.reuters.com, 24. www.reuters.com, 25. www.reuters.com, 26. motorwatt.com, 27. motorwatt.com, 28. motorwatt.com, 29. motorwatt.com, 30. motorwatt.com, 31. motorwatt.com, 32. motorwatt.com, 33. motorwatt.com, 34. ir.tesla.com, 35. ir.tesla.com, 36. www.businessinsider.com, 37. www.businessinsider.com, 38. assets-ir.tesla.com, 39. assets-ir.tesla.com, 40. assets-ir.tesla.com, 41. assets-ir.tesla.com, 42. assets-ir.tesla.com, 43. assets-ir.tesla.com, 44. www.businessinsider.com, 45. assets-ir.tesla.com, 46. assets-ir.tesla.com, 47. www.businessinsider.com, 48. www.businessinsider.com, 49. assets-ir.tesla.com, 50. www.businessinsider.com, 51. assets-ir.tesla.com, 52. assets-ir.tesla.com, 53. assets-ir.tesla.com, 54. assets-ir.tesla.com, 55. assets-ir.tesla.com, 56. www.businessinsider.com, 57. assets-ir.tesla.com, 58. assets-ir.tesla.com, 59. seekingalpha.com, 60. www.tipranks.com, 61. www.tipranks.com, 62. www.webpronews.com, 63. www.webpronews.com, 64. www.tipranks.com, 65. www.tipranks.com, 66. www.tipranks.com, 67. www.tipranks.com, 68. www.tipranks.com, 69. www.webpronews.com, 70. www.webpronews.com, 71. www.tipranks.com, 72. www.tipranks.com, 73. www.webpronews.com, 74. www.webpronews.com, 75. www.thestreet.com, 76. www.webpronews.com, 77. www.webpronews.com, 78. www.businessinsider.com, 79. www.reuters.com, 80. www.webpronews.com, 81. www.webpronews.com, 82. watcher.guru, 83. watcher.guru, 84. watcher.guru, 85. watcher.guru, 86. motorwatt.com, 87. assets-ir.tesla.com, 88. www.reuters.com, 89. www.reuters.com, 90. motorwatt.com, 91. www.designnews.com, 92. motorwatt.com, 93. www.webpronews.com, 94. www.reuters.com, 95. techcrunch.com, 96. techcrunch.com, 97. techcrunch.com, 98. techcrunch.com, 99. techcrunch.com, 100. www.nasdaq.com, 101. www.nasdaq.com, 102. www.aol.com, 103. watcher.guru, 104. www.webpronews.com, 105. watcher.guru, 106. watcher.guru, 107. www.reuters.com, 108. www.tipranks.com, 109. assets-ir.tesla.com, 110. www.nasdaq.com, 111. www.tipranks.com, 112. www.tipranks.com, 113. watcher.guru, 114. watcher.guru, 115. watcher.guru, 116. watcher.guru, 117. www.tipranks.com, 118. www.tipranks.com, 119. www.tipranks.com, 120. www.tipranks.com, 121. www.tipranks.com, 122. www.tipranks.com, 123. www.tipranks.com, 124. www.tipranks.com, 125. www.nasdaq.com, 126. www.nasdaq.com, 127. watcher.guru, 128. www.nasdaq.com, 129. www.nasdaq.com, 130. www.tipranks.com, 131. www.tipranks.com, 132. www.tipranks.com, 133. www.webpronews.com, 134. www.tradingview.com, 135. www.webpronews.com, 136. www.businessinsider.com, 137. www.businessinsider.com, 138. www.businessinsider.com, 139. www.businessinsider.com, 140. seekingalpha.com, 141. www.businessinsider.com, 142. www.businessinsider.com, 143. www.businessinsider.com, 144. www.businessinsider.com, 145. www.businessinsider.com, 146. www.businessinsider.com, 147. www.webpronews.com, 148. techcrunch.com, 149. techcrunch.com, 150. assets-ir.tesla.com, 151. www.reuters.com, 152. www.reuters.com, 153. www.reuters.com, 154. www.reuters.com, 155. www.reuters.com, 156. www.reuters.com, 157. motorwatt.com, 158. motorwatt.com, 159. ir.tesla.com, 160. www.businessinsider.com, 161. assets-ir.tesla.com, 162. www.businessinsider.com, 163. assets-ir.tesla.com, 164. assets-ir.tesla.com, 165. www.tipranks.com, 166. www.tipranks.com, 167. www.webpronews.com, 168. www.webpronews.com, 169. www.businessinsider.com, 170. www.businessinsider.com, 171. www.nasdaq.com, 172. www.tipranks.com, 173. www.tipranks.com, 174. watcher.guru, 175. www.webpronews.com
