Tesla stock saw a minor pullback, declining 0.29% to $447.75 in after-hours trading, as investors took profits following the previous day's 4.15% surge driven by CFO Vaibhav Taneja's confirmation of unsupervised robotaxi operations.
- Morningstar maintained its $300 fair value estimate and 2-star rating, arguing the stock remains overvalued despite optimism surrounding the robotaxi expansion.
- The firm cited concerns over expected weak EV deliveries in 2026 and significant execution risks related to scaling autonomous vehicle technology.
- The company's Q4 earnings report is scheduled for January 28, 2026, which is expected to provide further clarity on full self-driving adoption rates.