TLDR
- Tesla stock rose 3.2% after UBS raised its price target from $364 to $442, while maintaining a neutral rating.
- The stock traded at a high of $407.86, with a consensus price target of $406.87 across Wall Street analysts.
- Tesla recorded record deliveries in the second quarter of 2026 of 480,126 vehicles, exceeding some expectations.
- AlpenGlobal Capital has acquired a new $13.35 million stake in Tesla, making it its largest stake at 8.7% of its portfolio.
- Analyst sentiment remains split: 21 buy ratings, 21 hold ratings, and 4 sell ratings; Dividends are due July 22nd
Tesla (TSLA) stock rose 3.2% on Thursday after UBS raised its price target from $364 to $442, although the bank maintained its neutral rating on the stock. The move pushed TSLA to an intraday high of $407.86, closing at $406.55 after opening at $394.06.
UBS was not alone in amending its view. RBC Capital also raised its price target to $500 from $475, maintaining an Outperform rating, citing Tesla’s AI story and long-term autonomy as key drivers.
However, not everyone is optimistic. Citizens began coverage by rating the market’s performance, saying investor optimism about Tesla’s autonomy products may be ahead of its actual marketing timeline.
The analyst community remains evenly divided. Tesla currently has 21 buy ratings, 21 hold ratings, and 4 sell ratings, with a consensus price target of $406.87.
Tesla The Q2 2026 numbers gave bulls something to work with. The company announced record deliveries of 480,126 vehicles and production of 451,758 units. The Model Y also regained its position as the best-selling car in China for June.
Beyond car sales, Tesla’s energy storage business is attracting attention. The company secured more than $9 billion in Megapack orders, adding another growth angle beyond its core automotive operations.
Institutional interest is growing
AlpenGlobal Capital LLC disclosed a new position in Tesla during the first quarter, acquiring 35,911 TSLA at a price of approximately $13.35 million. The stock now makes up approximately 8.7% of AlpenGlobal’s portfolio, its largest single holding.
Institutional investors as a group own about 66.2% of… Tesla Premium stock. Several other companies have also increased their positions in recent quarters, including Brighton Jones, Revolve Wealth Partners, and Bison Wealth.
Internal activity was moving in the other direction. CFO Vaibhav Taneja sold 2,606 TSLA cars for an average of $402.20 in June, representing a 10.57% decline in his position. The sale was related to tax liabilities from the grant of stock awards. Director Kathleen Wilson Thompson also sold $26,409 at $378.11 in late April, cutting her stake by 35.3%.
Eyes on July 22 earnings
Tesla’s next earnings report is scheduled to be released on July 22. In the most recent quarter (Q1), the company reported earnings per share of $0.41, beating the consensus estimate of $0.39. Revenue was $22.39 billion, slightly below the $22.96 billion that analysts had expected, but still up 15.8% year-over-year.
Analysts currently expect Tesla to post full-year EPS of $1.29 to $1.30 for fiscal 2026.
The stock carries a price-to-earnings ratio of about 374, a PEG ratio of 14.89, and a market cap of $1.53 trillion. The 52-week range is between $297.82 and $498.83.
Regulatory risk remains a factor. A proposed bill in New Jersey could restrict Tesla’s self-driving operations, and scrutiny over Elon Musk’s Securities and Exchange Commission settlement continues to attract attention.
Morgan Stanley reiterated an equal weight rating with a $415 price target on July 2.
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