New York bank upgrades Tesla on autonomy shift
PUBLISHED Jun 5, 2026, 6:27 PM ET
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On June 5, 2026, JPMorgan Chase upgraded Tesla’s stock rating from “underweight” to “neutral” and raised its price target from $145 to $475. The bank’s analysts, led by Rajat Gupta, cited a structural change in Tesla’s business model, emphasizing a move away from relying primarily on electric vehicle sales toward autonomous driving, humanoid robotics, and AI-integrated software. JPMorgan projects these segments will drive most of Tesla’s revenue growth over the next decade, with earnings per share potentially tripling by 2030. Tesla’s vertically integrated hardware-software platform is viewed as a key competitive advantage supporting projected revenue exceeding $200 billion by 2030.
By Daniel Hayes | JQJO News
Timeline of Events
- 2025 Tesla revenue estimated at $95 billion
- 2030 Revenue projected above $200 billion
- 2030 EPS potentially triples versus current levels
- Recent years Tesla pivots beyond core EVs
- Recent years Company expands autonomy and robotics
- June 5, 2026 JPMorgan upgrades Tesla to neutral
- June 5, 2026 Price target raised to $475
- Next decade Robotics, autonomy expected drive growth
News Intelligence
- Tesla's shift to autonomy and robotics could change how we travel and work. If you own Tesla stock, watch for potential growth. If you don't, consider how this might impact your commute or job in the future.
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