Shares of Tesla have fallen nearly 25% in 2026. Musk's company reported a record 480,126 deliveries in the second quarter.

Tesla shares rose Friday after Clark County, Nevada, cleared the company to run driverless robotaxis in Las Vegas, and news surfaced that its electric semi truck soon will make its European debut. Tesla's approval covers up to 5,000 robotaxis -- the largest share by far of the 8,000 driverless vehicles Clark County authorized across Tesla, Alphabet's Waymo, and Uber over the next year.

On Aug. 21, 2026, Nevada cleared the way for paid autonomous ride-hailing services, fueling investor optimism on its Cybercab fleet deployment.

Terafab is a massive joint chip-fabrication project by Tesla and SpaceX that will derisk both businesses. The initiative aims to reduce supply chain and geopolitical risks, as well as improve long-term profit margins.

Tesla will voluntarily recall about 3 million of its vehicles in China to address doorhandle safety concerns and deficient driver monitoring systems. Eight other automakers in China also issued voluntary recalls to deal with doorhandle safety.

Tesla (NASDAQ:TSLA | TSLA Price Prediction) and SpaceX (NASDAQ:SPCX) just gave investors two very different versions of the Musk future.

I initiate coverage on Tesla, Inc. with a Buy rating, citing strong revenue growth and developing catalysts. Operating markets of robotaxi, robotics, and AI remain tailwinds. TSLA delivered a 26% year-over-year revenue surge despite a 23% YTD stock decline. The EV business remains a leading one, but competition in the field remains fierce. Valuation remains elevated at 194x forward P/E, but TSLA has historically traded at a premium. However, macro headwinds and rumors around a merger with SPCX could result in volatility.

Nearly a decade ago, Tesla introduced its solar roof, which was essentially a mini-power plant that happened to look like high-end shingles, fancy terracotta tiles or refined slate slabs.

Ark's Tesla thesis increasingly depends on the success of its robotaxi business. Ark forecasts that Tesla will reach $2,600 per share by 2029.

Commissioners of the Nevada Transportation Authority approved applications from Tesla Robotaxi, Waymo and Aviari Services to operate as autonomous vehicle network companies in Nevada. Under the approved orders, Tesla (TSLA) is authorized for a fleet of up to 5,000 fully autonomous vehicles during the first 12 months following issuance of its permit. Alphabet's (GOOG, GOOGL) Waymo and Aviari are each authorized for up to 1,000 fully autonomous vehicles during their respective first 12 months. Reference Link