RBC Capital Raises its Price Target on Tesla (TSLA)

Tesla, Inc. (NASDAQ:TSLA) is one of the 15 Best NASDAQ 100 Stocks to Buy Other Than SpaceX.

On July 7, 2026, RBC Capital raised the firm’s price target on Tesla, Inc. (NASDAQ:TSLA) to $500 from $475 and kept an Outperform rating on the shares. RBC updated its model by incorporating a 25% to 30% premium to current trading levels to reflect the potential SpaceX (SPCX) acquisition scenario. The firm also said robotaxi is currently Tesla’s most robust opportunity, noting that against a $4.2T total addressable market, Tesla could generate substantial value even with a minority market share position.

On July 3, Tesla introduced a new variant of the Model Y, the Long Wheelbase, in the U.S. and Puerto Rico. The model adds a 6-seat layout, expanded interior space, 0-60 acceleration in 4.4 seconds, and an estimated 325 miles of range. Tesla also said cargo capacity increases to 89 cu ft, while the vehicle includes heated and ventilated seats in the first two rows, a powered and heated third row, adaptive damping, upgraded acoustic glass, larger windows, a 16-inch front touchscreen, an 8-inch second-row display, a 19-speaker audio system, and support for FSD Supervised with integrated Grok AI.

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On July 2, Morgan Stanley analyst Andrew Percoco said Tesla’s Q2 deliveries of about 480,100 vehicles beat sell-side consensus expectations by 18% and marked the company’s highest auto growth rate since Q3 of 2023. Morgan Stanley kept an Equal Weight rating and $415 price target on Tesla shares.

Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.

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