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Barchart
Barchart
Sushree Mohanty

Tesla Stock Could Reach $500, but Not Just with Electric Cars

Tesla (TSLA) built its reputation with electric vehicles (EVs). But its core business has been struggling for a while with pricing pressure, competition, and questions about automotive profitability. The pressure even weighed on Tesla shares, which once wore the top growth stock crown.

Tesla’s Oct. 15 Roadster unveiling showed off the company’s engineering ambitions in a dramatic way. However, the stock market's quiet response suggests investors want to see real commercial progress, not just a flashy product launch. The bigger opportunity lies in what Tesla can build beyond electric cars with its robotaxis, humanoid robots, AI software, and energy storage businesses. The challenge, however, is whether Tesla can turn Musk’s bold ambitions into businesses that generate lasting profits.

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