Jefferies says Tesla may need Musk-related deals to hit supercompensation goals

Core Viewpoint - Tesla's recent earnings call was described as the most interesting in many quarters, but the company's outlook was characterized as vague and low in numbers, with a significant capital expenditure (capex) guidance of $20 billion for 2026 [1] Financial Outlook - The analyst noted that despite Tesla's substantial cash reserves of $44 billion, funding may become a topic of concern [1] - The investment in xAI indicates that achieving supercompensation targets may depend on corporate deals related to Elon Musk [1] Analyst Rating - Jefferies maintains a Hold rating on Tesla shares with a price target set at $300 [1]