RBC Capital Upgrades Tesla to "Overweight"

Tesla (TSLA) ended the day down 1.35%, closing at $321.20, a decline of $4.39. This move came despite a bullish upgrade from RBC Capital, which raised its price target from $319 to $325 and reiterated an Overweight rating.

🔍 Key Points:

• RBC Capital Upgrade:
  Analysts at RBC cited Tesla’s non-automotive potential as a key driver, especially:

  • Robotaxi rollout in Austin, TX, which they say exceeded expectations

  • Full Self-Driving (FSD) development

  • Optimus humanoid robot project

• Market Reaction:
  Despite the upgrade, Tesla shares pulled back, likely due to:

  • Profit-taking after recent gains

  • Broader market weakness in tech-heavy names

  • Continued regulatory and technical challenges facing autonomous driving

• Stock Context:
  Tesla has climbed nearly 30% over the past three months, driven by growing optimism around its AI and robotics initiatives.

📊 TSLA Stock Performance

Tesla remains one of the most actively traded and closely watched stocks, with analysts split on how quickly its non-automotive ventures can deliver meaningful revenue.