Tesla (TSLA) stock is trading near record levels in the final days of 2025, leading Wall Street to issue bullish forecasts for 2026. TSLA has rallied 28% since November lows, driven by positive developments including the reinstatement of CEO Elon Musk’s compensation plan and ongoing tests of driverless technology. With the overall tech stock market rebounding this past week after a rough November, TSLA is in pole position to surge further in 2026.
Analysts are betting that Tesla will intensify testing of the Robotaxi and rapidly deploy driverless taxis as it prepares to launch its Cybercab model next year. “The news that Tesla is testing robotaxis without the safety monitors is in line with our expectations that the company is making progress in its testing, in line with management’s statements during the third quarter earnings call,” said Seth Goldstein, senior equity analyst at Morningstar. The company’s success can similarly translate in 2026 should the cybercab program launch nationwide next year successfully.
Alternatively, other Wall Street analysts have been mixed on the EV giant as of late, with several forecasts being cut for the stock. Earlier this month, Andrew Percoco of Morgan Stanley downgraded Tesla to Equal-weight from Overweight, reversing the firm’s previously bullish position on the stock. Meanwhile, Wedbush has the highest price target of $600, while Piper Sandler and Cantor Fitzgerald project around $500.
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Furthermore, the stock market is experiencing a bullish trend, with major indexes like the Dow and S&P 500 rising due to tech stocks’ performance. This has helped TSLA climb out of its several-month dip and return to record highs, with $500 becoming an increasingly likely possibility before 2025 ends. Should Tesla (TSLA) stock hit that mark before the year ends, 2026 could be set to be Tesla’s biggest year yet.