# Wall Street analysts remain cautious on Tesla (NASDAQ: TSLA) stock over the next 12 months after a weak start to 2026.

*business · news · 2026-04-11 · Finbold*

## Key points

- Tesla missed Q1 delivery expectations by over 7,000 units, leaving 50,000 vehicles in inventory.
- Morgan Stanley projects Tesla's capital expenditures could reach $35 billion, with negative free cash flow in 2026.
- Tesla is nearing 10 billion miles of autonomous driving data, supporting its self-driving technology lead.
- JPMorgan warns Tesla stock could fall 60%, citing valuation and autonomous driving execution risks.
- Deutsche Bank trimmed its Tesla price target to $465 after testing the robotaxi service and noting inefficiencies.

**Companies:** Tesla
**Countries:** United States, China

[Read the full story on Finbold](https://finbold.com/wall-street-analysts-predict-tesla-stock-price-for-the-next-12-months/)

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