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Tesla stock (TSLA) sentiments from Wall Street are the most optimistic in years
Tesla stock (NASDAQ:TSLA) may have taken a beating this year, but it has developed a rather surprising group of supporters. Despite Elon Musk’s reservations about them in the past, Tesla shares are now seeing some support from Wall Street analysts.
Tesla ended Wednesday’s trading up 7.7%, though it still resulted in TSLA stock recording its biggest monthly drop since April. Since late September, Tesla shares have seen a decline of about 37%, partly over fears of a recession, rising interest rates, and the overhang from CEO Elon Musk’s Twitter acquisition.
The slide experienced by TSLA stock has been massive, but it also appears to be the reason why securities analysts are wagering that the selloff has run too far. As noted by Bloomberg News, over 60% of analysts now recommend buying TSLA stock. That’s the highest since early 2015. Such ratings have risen steadily this year as well.
Catherine Faddis, senior portfolio manager at Fernwood Investment Management, shared her thoughts on the matter. “The Tesla bulls I know are loading up at these levels,” Faddis said.
This does not mean to say that Wall Street is unanimous in its support for Tesla stock, of course. Around 27% of analysts tracked by Bloomberg continue to rate Tesla shares as a “Hold,” while 13% still hold a “Sell” rating. Retail investors, however, have doubled down on TSLA, accumulating their stake amidst the EV maker’s drop.
As per data from Vanda Research, Tesla was second only to the SPDR S&P 500 ETF in the list of the most bought securities this year, at least in terms of the number of days at the top spot. This bodes well for the EV maker, especially as Tesla retail investors have gained a reputation for having a solid grasp of the company’s fundamentals. CEO Elon Musk highlighted this himself in the past, when he noted that retail investors “have better insights” than Wall Street.
Disclosure: I am long Tesla.
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Tesla prepares for full-throttle manufacturing of major product
Tesla has the second quarter of 2026 as its projected start date for Cybercab production. It also plans to launch Semi and Megapack 3 for “volume production” starting next year, which will also be two major contributors to the company.
Tesla is preparing for a full-throttle manufacturing effort of potentially its biggest product in company history, job postings on the company’s website show.
In preparation for its foray into fully autonomous travel, Tesla is gearing up for Cybercab manufacturing with 30 job postings, ranging from repair technicians to manufacturing specialists.
Elon Musk sets definitive Tesla Cybercab production date and puts a rumor to rest
The jobs are all located in Austin, Texas, where the company’s Gigafactory Texas facility is located. This is where Cybercab production is going to take place.
Tesla has made major strides in the Cybercab project over the past few months, including launching the vehicle on the Fremont Test Track in California and conducting crash testing at Gigafactory Texas.
All of these indicate the company is preparing for an imminent production effort of the vehicle, which, as Elon Musk said during last week’s Earnings Call, will be void of a steering wheel or pedals.
Tesla has the second quarter of 2026 as its projected start date for Cybercab production. It also plans to launch Semi and Megapack 3 for “volume production” starting next year, which will also be two major contributors to the company.
Musk spoke in great detail during the Earnings Call last week about Cybercab’s potential to change the grand picture of the automotive market, comparing other vehicles in the Tesla lineup to “a little bit of the horse-carriage thing.”
He said:
“That’s really a vehicle that’s optimized for full autonomy. It, in fact, does not have a steering wheel or pedals and is really an enduring optimization on minimizing cost per mile for fully considered cost per mile of operation. For our other vehicles, they still have a little bit of the horse carriage thing going on where, obviously, if you’ve got steering wheels and pedals and you’re designing a car that people might want to go very direct past acceleration and tight cornering, like high-performance cars, then you’re going to design a different car than one that is optimized for a comfortable ride and doesn’t expect to go past sort of 85 or 90 miles an hour.”
Cybercab production is imminent, given the job postings and the company’s proposed timeline for manufacturing to begin. Of course, there is always the potential that Tesla is late to the party, as it has been with other projects.
Elon Musk
xAI’s Grokipedia goes live, gets praise from Wikipedia co-founder
xAI’s latest creation, Grokipedia, has gone live, and even if it’s only at Version 0.1, it is already receiving positive reviews from some users.
xAI’s latest creation, Grokipedia, has gone live, and even if it’s only at Version 0.1, it is already receiving positive reviews from some users. These include Larry Sanger, the co-founder of Wikipedia, the world’s largest online encyclopedia, which has become quite controversial in recent years over accusations of bias.
Grokipedia launches
Immediately after Grokipedia went live, the AI-powered Wikipedia alternative was tested by numerous users. So far, a good number of testers have responded positively to the online encyclopedia, with many observing that Grokipedia does tend to be more neutral than Wikipedia. This was particularly evident in controversial topics, from alternative medicine to events like Gamergate.
Among these users was Larry Sanger, who noted that while Grokipedia still has a lot of areas of improvement, it is already very promising. “My initial impression, looking at my own article and poking around here and there, is that Grokipedia is very OK. The jury’s still out as to whether it’s actually better than Wikipedia. But at this point I would have to say “maybe!” He wrote in a post on X.
Musk responded to Sanger’s comments, stating that the Wikipedia co-founder’s observations are “accurate.” The xAI founder also noted in a separate X post that even in its V0.1 form, Grokipedia is already better than Wikipedia.
Why Grokipedia exists
During an interview on the Tucker Carlson Show, Sanger point out that Wikipedia has become a far cry from his initial vision for the online encyclopedia, and a lot of this was because of the its “Reliable sources/Perennial sources” page, which categories publications and sources into tiers of credibility. Sanger noted that the list leaned heavily left, with conservative publications getting effectively blacklisted in favor of their more liberal.
Musk responded to Sanger’s comments by stating that Grokipedia will be created as a step towards xAI’s broader goal of “understanding the Universe.” He added that Grokipedia, which will use xAI’s Grok, would provide broader sourcing and a freer exchange of information compared to Wikipedia’s current system.
One month after Elon Musk’s comments, Grokipedia has gone live in its V0.1 form.
News
Tesla Fremont Factory celebrates 15 years of electric vehicle production
Since opening in 2010, the Fremont Factory has produced all four “S3XY” models while creating tens of thousands of jobs.
Tesla is marking the 15-year anniversary of its Fremont Factory in California, the first automotive mass-manufacturing plant acquired by the electric car maker.
Since opening in 2010, the Fremont Factory has produced all four “S3XY” models while creating tens of thousands of jobs and investing billions of dollars in the region.
Celebrating 15 years of EV production
The Fremont Factory’s milestone was celebrated by the official Tesla Manufacturing account on X, which posted a photo of several Teslas forming a “15” in front of the facility’s iconic white facade. As per the electric vehicle maker, the Fremont Factory has now produced 3.6 million vehicles so far, and it has also created over 20,000 jobs in the state.
“15 years ago, we opened Fremont factory. Today, the Fremont team is producing all 4 S3XY models, totaling 3.6M vehicles made so far. 20k+ California jobs created w/ billions of dollars invested,” the official Tesla Manufacturing account on X wrote in its post.
The Fremont Factory’s transformation
Tesla acquired the Fremont Factory from the defunct NUMMI joint venture between General Motors and Toyota in May 2010 for $42 million. The facility had produced more than 8 million vehicles under GM and Toyota over 26 years. Following its acquisition, Tesla retooled the 5.3-million-square-foot plant to support the production of the Model S sedan.
Over the past 15 years, the factory has evolved into Tesla’s primary North American production hub, assembling the Model S, 3, X, and Y. Annual output has exceeded 550,000 vehicles, including nearly 560,000 produced in 2023 alone. Expectations are high that other products, such as the next-generation Roadster and Optimus, might be produced in the Fremont Factory as well.
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