Such as Tesla (NASDAQ: TSLA) The stock settled above a key multi-year support area, a Deutsche Bank analyst reiterated the bullish sentiment.
In a note to clients dated July 15, Deutsche Bank maintained a buy rating on Tesla stock. Additionally, the bank set a 12-month price target of $465 for TSLA shares, suggesting a potential upside of 17%.
“The analyst maintains a constructive long-term outlook for Tesla, focusing on enduring growth drivers (autonomy, robotics, artificial intelligence) while acknowledging near-term earnings pressures,” the bank said. male.
Deutsche Bank expects Tesla to report second-quarter adjusted earnings per share of $0.36, which is below the Street consensus of $0.47. However, the company expects full-year company vehicle deliveries of approximately 1.77 million units, which represents mid- to high-single-digit growth compared to the previous year.
Why is Deutsche Bank optimistic about Tesla shares?
The bank highlighted several key developments in Tesla’s self-driving and robotics initiatives, which will likely serve as a tailwind. While the Tesla Robotaxi rollout has been slower than market expectations, Deutsche Bank noted that business operations in Austin have yet to experience any major incidents.
Meanwhile, Cybercab production has begun but is described as facing a “slow and painful slope”, with the current focus on engineering validation and internal testing before expanding more widely in late 2026 and 2027. On the robotics front, the bank cited optimistic targets for its Optimus humanoid robot, with production guidance of approximately 1,000 units per week by September.
In addition, Tesla’s AI5 chip has completed production, with initial supply prioritized for the company’s AI supercomputer and Optimus software. Tesla’s upcoming earnings announcement is expected to draw significant investor interest to potential integration opportunities between Tesla and SpaceX, a topic that analysts believe could become increasingly prominent over the next year or two.
Despite these long-term tailwinds, Deutsche Bank noted risks facing Tesla shares, including a delayed timeline for Robotaxi and execution challenges around the Cybercab ramp.
TSLA stock forecast for 2026 and performance
Following the bank’s bullish forecast for TSLA stock for 2026, 29 analysts Surveyed by TipRanks She set a 12-month price target of $402.69. As such, analysts have given Tesla shares an average rating of Hold for the next 12 months.
Meanwhile, TSLA shares have been on an uptrend over the past 12 months, up more than 23% to $396.67 at press time.
As such, the company’s market capitalization was approximately $1.5 trillion at the time of writing. If Tesla stock continues to benefit from bullish overall sentiment, the bank and analysts’ targets could be met, and vice versa.
