Analyst predicts $800 Tesla stock price target for 2026

Core Viewpoint - Tesla is expected to experience significant growth, with predictions of its market cap reaching $2 trillion in 2026 and potentially $3 trillion in a bullish scenario, driven by advancements in artificial intelligence and autonomous driving technology [2][3]. Group 1: Market Cap Predictions - Dan Ives predicts Tesla's market cap could double to $3 trillion by 2026, marking it as a 'monster year' for the company [1][2]. - The growth is attributed to the onset of the autonomous and robotics chapter under Elon Musk's leadership, with expectations of a stock price reaching $800 next year [3]. Group 2: Stock Price Target - The current share price of Tesla is just above $465, indicating an upside potential of over 70% towards the new price target of $800, which is significantly higher than the previous Street-high target of $600 [4]. Group 3: Autonomous Vehicle Testing - Tesla has begun testing fully autonomous vehicles on public roads in Austin, Texas, with multiple Model Y units operating without a safety driver, which has contributed to a more bullish outlook from analysts [5][7]. - The company has not disclosed the number of vehicles involved in the tests, but Musk confirmed that testing is underway with no occupants in the cars [7]. Group 4: Sales and Challenges - Despite the optimistic outlook, Tesla faces challenges, including a decline in sales for 2025, raising questions about the company's ability to scale its robo-taxi business to meet the 2026 expectations [8].