Half a Million Cars This Quarter? Tesla Might Just Break Records
Tesla is flexing again. Piper Sandler just raised their stock target from $400 to $500 after seeing what’s happening in China. Basically, they’re saying Tesla’s still the boss when it comes to smart cars and robots.
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Even though Chinese EV makers like Xiaomi, Li Auto, and Leapmotor are catching up fast with cool tech, better pricing, and speedy software updates, Tesla still runs the show when it comes to AI. The analysts said, “After meeting Chinese EV makers, it’s easy to see why Elon Musk respects these ‘fast followers.’ But for real-world AI? Everyone looks at Tesla for tips.”
They also pointed out that making AI-powered cars isn’t just about fast software—it needs crazy amounts of data, smart engineers, and the right chips. On that front, Tesla’s still ahead. Piper Sandler thinks Tesla could sell around 495,000 cars this quarter—that might be a record. And by 2026, they expect Tesla to hit around 1.9 million cars, including 350,000 from the new “Model 2.”
The smaller Model 2 is a bit of a wild card, and the analysts admitted they’re not totally sure how it’ll do. But honestly, they care more about Tesla’s AI and tech moves than exact numbers.