Is Tesla Stock a Buy Before 2026?

Group 1 - Tesla shares have shown significant volatility but are up 22% in 2025, trading near record levels [1] - The company is in the early stages of major projects that could significantly alter its financial outlook [2] - There are strong arguments for both bullish and bearish perspectives regarding Tesla's stock [2] Group 2 - Tesla is focusing on innovations, particularly in autonomous driving technology, which has historically seen overpromising and underdelivery [3] - The launch of the robotaxi ride-hailing service in Austin, Texas, marks a step forward, with plans to expand to more cities by 2026 [4] - Elon Musk indicated that the robotaxi service could have "quasi-infinite" demand, highlighting a vast total addressable market [5] Group 3 - Tesla anticipates that as costs decrease and safety improves, personal car ownership may decline, leading to high-margin revenue from its full self-driving software [6] - The company aims to increase production of its humanoid robot, Optimus, to 1 million units annually by the end of next year, with potential consumer applications [7] - Major advancements in full self-driving technology and robotics could significantly enhance Tesla's market position [8]