Tesla delivered 486,532 vehicles last quarter, reached 1.74M active FSD subscriptions and began unsupervised Cybercab rides in Austin, yet the stock is down 16.71% this year and closed at $374.58. Q3 operating income fell 55.79% to $718 million as R&D rose to $2.76B from $1.63B, while revenue was roughly flat. The consensus target of $397.83 implies 6.2% upside, while the author's model projects $404.84, or 8.1% upside. The author argues that reaching $700 by 2030 would require an 86.9% gain and is a stretch, depending on robotaxi profitability in 2027, rising energy margins and on-schedule Optimus customer deliveries. The main risk cited is cost, as Musk said TeraFab alone could need capital 'north of 100 billion'.
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TSLAelectric vehiclesElon Muskvaluationearnings
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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