Tesla (TSLA) is trading slightly lower in the pre-market at $449.59, following a recent 3.3% drop tied to concerns over plateauing growth, but Baird maintains its bullish stance on the long-term autonomy narrative.
- Baird maintains a $548 price target, viewing TSLA as a core holding despite the recent market volatility and year-end profit-taking.
- The firm highlighted several key 2026 catalysts expected to drive future growth, including the development of the robotaxi network, the Optimus humanoid robot, and expansion in the Energy sector.
- The stock's recent weakness comes amid Q4 delivery expectations of approximately 450k units.