JPMorgan upgrades Tesla to Neutral and raises its price target on AI and manufacturing strengths ahead of Q1 2026.
Tesla (NASDAQ:TSLA) remains a top holding in Ken Griffin’s portfolio as shares rise 32% over the past year but decline 6.6% year-to-date. The company is advancing its unsupervised robotaxi service in Austin, a key step in its AI and robotics pivot.
Erste Group upgraded TSLA to Hold from Sell on June 5, citing potential sales and profit growth in 2026. JPMorgan followed, raising its rating to Neutral from Underweight and increasing the price target to $475 from $145, highlighting Tesla’s industrial manufacturing and physical AI capabilities.
Impax US Sustainable Economy Fund held TSLA as an underweight in Q1 2026, citing limited sustainability exposure and weaker corporate resilience, contributing to a sharp quarterly decline.