Tesla Inc (NASDAQ:TSLA) reported mixed financial results on Wednesday and saw shares fall during the company's conference call. Here's a look at what analysts think will happen next.
• Tesla shares are experiencing downward pressure. Why are TSLA shares declining?
The Tesla Analysts
Goldman Sachs analyst Mark Delaney maintained a Neutral rating on Tesla with a price target of $375.
Wedbush analyst Dan Ives maintained an Outperform rating with a price target of $600.
Goldman Sachs on Tesla
First-quarter results were better than expected, Delaney said in a new investor note. The analyst said Tesla showed progress with FSD subscriptions and margins, but its free cash flow outlook was weaker than expected.
"We believe there were positives in the quarter, including progress with FSD subscriptions rates, recent improvements in FSD/robotaxi performance, and better margins," Delaney said.
The analyst said Tesla's comments on robotaxi deployments and Optimus could show progress, taking longer than expected.
"We continue to expect FSD, robotaxis, and humanoids to support improved long-term growth, but that the rate and level will be somewhat mitigated by the competitive landscape."
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Wedbush on Tesla
The first quarter results from Tesla showed beats on the top and bottom lines, Ives said in a new investor note. The analyst said the autonomous roadmap looks good and Tesla ramping up Capex is a good thing.
"The company continues to see improved demand stabilization for its vehicle fleet while continuing to aggressively invest in its autonomous strategy to capture the AI opportunity taking place front and center,” Ives said.
Ives said Tesla’s investment in AI, robotics and manufacturing will help with its plans of autonomy and robotics, which are the "golden goose" for the future of the company.
"Tesla is morphing into a physical AI stalwart … the path is here and it requires more CapeEx."
Ives lowered revenue targets for Tesla for the second fiscal quarter, fiscal 2026 and fiscal 2027. The analyst also highlighted that the Cybercab and Tesla Semi volume production are now expected later than originally forecasted.
Tesla Stock Price Action
Tesla stock is down 2.52% to $377.11 on Thursday versus a 52-week trading range of $244.43 to $498.83. Tesla stock is down 15.92% year-to-date in 2026.
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