1. Tesla, Inc. (NASDAQ:TSLA)
On April 13, 2026, UBS analyst Joseph Spak upgraded Tesla, Inc. (NASDAQ:TSLA) to Neutral from Sell with an unchanged price target of $352. Joseph Spak said current share levels “more evenly balance” near-term demand challenges and investment needs against Tesla’s longer-term physical AI opportunity, noting the stock tends to trade more on sentiment and momentum than fundamentals. UBS cited concerns around EV demand, a Q1 energy shortfall, rising costs, higher capital spending, and slower-than-expected progress in robo-taxi and Optimus initiatives, though it continues to see Tesla as a long-term leader in physical AI.
On April 12, 2026, RBC Capital lowered its price target on Tesla to $480 from $500 and maintained an Outperform rating as part of a broader Q1 preview for global autos. RBC said macro pressures tied to Middle East tensions have weighed on OEMs and suppliers, adding that while higher fuel prices could support EV adoption in Europe, demand shifts in the U.S. remain more dependent on government incentives. The firm also noted that resolution of the USMCA trade framework could face delays due to geopolitical developments.
Earlier in April, Tesla reported first-quarter production of over 408,000 vehicles, deliveries of more than 358,000 vehicles, and deployment of 8.8 GWh of energy storage products. Wedbush said deliveries came in slightly below consensus expectations, highlighting continued weakness in Europe amid regulatory hurdles for full self-driving approvals, while China remained a bright spot with deliveries up 35% year-over-year in the first two months of 2026. Wedbush added that while the delivery figures were underwhelming, they were largely expected given the broader EV environment.
Tesla, Inc. (NASDAQ:TSLA) produces electric vehicles and energy storage solutions globally.
While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about the cheapest AI stock.
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