Tesla (TSLA) stock is trading near record levels for the end of 2025, and Wall Street is issuing bullish forecasts for 2026. TSLA has risen 28% from its November lows, driven by positive developments such as the reinstatement of CEO Elon Musk’s compensation plan and ongoing testing of unmanned technology. TSLA is in pole position and looks set for further gains in 2026 as the broader tech stock market rebounded last week from a rough November.
Analysts expect Tesla to ramp up robotaxi testing and quickly deploy driverless taxis in preparation for the launch of its CyberCab model next year. “The news that Tesla is testing robotaxis without safety monitors is consistent with our expectations that Tesla is making progress in testing and is consistent with management’s statements on its third-quarter earnings call,” said Seth Goldstein, senior equity analyst at Morningstar. If the CyberCab program launches nationwide next year and is successful, the company’s success could be mirrored in 2026 as well.
Other Wall Street analysts have also expressed mixed opinions about the electric-vehicle giant in recent days, with some stock forecasts being revised downward. Morgan Stanley’s Andrew Percoco lowered his rating on Tesla from “overweight” to “equal weight” earlier this month, reversing his previous bullish stance on the company’s stock. Meanwhile, Wedbush has a maximum price target of $600, while Piper Sandler and Cantor Fitzgerald expect it to be around $500.
Furthermore, the stock market is trending bullish, with major indexes such as the Dow and S&P 500 rising due to the performance of high-tech stocks. This has brought TSLA back from months of stagnation and back to all-time highs, making $500 an increasingly likely possibility by the end of 2025. If Tesla (TSLA) stock reaches that level by the end of the year, 2026 could be Tesla’s biggest year yet.
