The post Tesla (TSLA) Stock Dips Despite New Model Y L Production Launch appeared on BitcoinEthereumNews.com.
Quick Summary Tesla launched Model Y L production featuring a long wheelbase configuration with three rows and six seats, priced around $62,000 TSLA declined 1.1% in premarket trading to $396.61, adding to Tuesday’s 4% loss and remaining roughly 10% below year-to-date levels Second-quarter vehicle deliveries reached 480,126 units, surpassing Wall Street projections by approximately 70,000 vehicles with 25% year-over-year growth Market attention centers on artificial intelligence, autonomous taxi operations, and Optimus robotics rather than electric vehicle sales figures; robotaxi operations expanded to three states RBC elevated price target to $500; analyst consensus remains at “Hold” with average price target of $408.52 Shares of Tesla (TSLA) traded at $396.61 during Wednesday’s premarket session, declining 1.1% following Tuesday’s 4% tumble. The electric vehicle manufacturer
The post Wall Street predicts Tesla stock price for next 12 months appeared on BitcoinEthereumNews.com.
In contrast to most other recent Wall Street analyst notes, RBC Capital’s Tom Narayan upgraded his outlook for Elon Musk’s electric vehicle (EV) company, Tesla (NASDAQ: TSLA), on July 7. Specifically, the institutional expert assigned a ‘Buy’ rating for TSLA stock while increasing his 12-month price prediction from $475 to $500. Notably, while the analyst estimated that the ‘Robotaxi’ represents a robust opportunity with a $4.2 trillion total addressable market, it would appear much of the lift can be attributed to a potential SpaceX (NASDAQ: SPCX) acquisition scenario. Elon Musk has been implementing something of a company rollup as part of which his artificial intelligence (AI) company, xAI, acquired his social media firm, X, before itself getting bought by SpaceX ahead of the record-breaking initial public offering (IPO). The process, started in earnest early in 2025, led some ob
The post Tesla (TSLA) Stock Drops 4% Amid SpaceX Merger Speculation from Wall Street Analysts appeared on BitcoinEthereumNews.com.
Key Takeaways Tom Narayan from RBC Capital increased Tesla’s price target from $475 to $500, pointing to potential SpaceX acquisition scenarios An all-stock transaction with SpaceX purchasing Tesla at a 20–30% premium represents the most probable deal structure JPMorgan acknowledged strategic merit in combining the companies but highlighted significant regulatory obstacles, especially concerning China Shares of TSLA settled near $402.90 on Tuesday, sliding more than 4%, with continued weakness in Wednesday’s pre-market session Analyst consensus leans toward Hold on TSLA, with an average target price of $399.71 across Wall Street Tuesday saw Tesla (TSLA) shares settle near $402.90, marking a decline exceeding 4%, as financial analysts began evaluating an intriguing proposition: could Tesla and SpaceX merge into a single corporate entity? Tesla, Inc., TSLA Sp
