Tesla (TSLA) Stock Is Down 15% This Year - One Analyst Still Sees 85% Upside
TLDR
- Tesla stock is down 15.32% year to date, trading around $309, while the S&P 500 is up 9%
- Q2 EPS came in at $0.33, missing the $0.50 consensus estimate; revenue of $28.24B beat expectations
- Wedbush’s Dan Ives maintains a $600 price target, citing FSD monetization, Robotaxi, and Optimus scaling
- Prediction markets give only a 16% chance Optimus launches in 2026, pressuring Tesla’s 167x forward P/E
- Wall Street consensus sits at Hold with an average target of $402.24 across 47 analysts
Tesla (TSLA) stock opened at $309.23 on Tuesday, extending a rough 2026 so far. The stock is down 15.32% year to date and has fallen 6.6% in the past week alone.
That compares poorly to the S&P 500, which is up 9% over the same period. Ford gained 11% and GM has held up better too, suggesting the pressure on Tesla is company-specific rather than sector-wide.
Q2 earnings, released July 22nd, did little to calm investors. Tesla reported EPS of $0.33, missing the $0.50 consensus estimate by $0.17. Revenue came in at $28.24 billion, up 25.5% year over year and ahead of the $26.42 billion expected.
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