Tesla stock rises despite weak Q1 earnings, declining EV demand, and rising competition. Read here for our bearish thesis on TSLA stock.

Tesla, Inc. (NASDAQ:TSLA) is expected to launch its long-awaited robotaxi service in Austin on June 12, Bloomberg News reported on Wednesday.

NIO and Tesla face challenges, but one seems better placed now. We break down what drives each and which EV stock deserves your attention today.

Buying $100 In TSLA: If an investor had bought $100 of TSLA stock 10 years ago, it would be worth $2,169.57 today based on a price of $360.82 for TSLA at the time of writing.

On May 27, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on Tesla, Inc. (NASDAQ: TSLA) with a $355.00 price target. Tesla is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 5.2% in the morning session after the major indices (Nasdaq +2.0%, S&P 500 +1.5%) rebounded as President Trump postponed the planned 50% tariff on European Union imports,

Stock futures moved higher on Tuesday after President Donald Trump announced over the weekend that he would postpone a planned 50% tariff on the European Union, signaling a possible window for trade negotiations and easing concerns of an imminent trade conflict.

The three stocks in this analysis all look as if they are going to be somewhat positive in the Wednesday trading session, as the premarket suggests gaps across the board.

Tesla Inc (NASDAQ:TSLA) stock has been a tale of two quarters to start the year. The electric vehicle (EV) giant kicked off 2025 with a 35.8% drawdown, but has gotten off the mat for the second quarter, up nearly 40%. The torrid rally could have legs, with TSLA entering a historically bullish month.

Dan Ives raised his price target for Tesla to $500, signaling a bullish outlook driven by the arrival of "golden age of autonomous" vehicles.

We recently published a list of 10 AI Stocks on Analyst’s Radar Today. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other AI stocks that are on analyst’s radar today.