Tesla stock reverses course as capex hike offsets Q1 beat

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Stifel on Tesla (TSLA): 'We believe 1Q26 results and commentary are about neutral for the shares'

April 23, 2026 7:43 AM EDT

Stifel analyst Stephen Gengaro reiterated a Buy rating and $508.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We believe 1Q26 results and commentary are about neutral for the shares, with solid performance likely offset a bit by higher capital spending guidance... More