Bank of America revamps Tesla forecast before earnings

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• BofA's quarterly model points to acceleration in Tesla's adjusted EPS, reaching $0.51 in Q2, $0.54 in Q3, and $0.68 in Q4 2026

  60% confidence

• Jamie Dimon once called Elon Musk "our Einstein"

  60% confidence

• Robotaxi is the primary catalyst spearheading Tesla's bull case, with Tesla entering the early monetization phase for robotaxis, FSD, Optimus, and energy storage

  60% confidence

• BofA lifted its 2026 Tesla revenue estimate to $107.8 billion from $103.4 billion

  60% confidence

• BofA raised its 2028 Tesla revenue estimate to $144 billion from $137.2 billion

  60% confidence

• BofA raised its 2027 Tesla revenue estimate to $126.2 billion from $120.4 billion

  60% confidence

• Bank of America reiterated its Buy rating and $460 price target on Tesla, implying nearly 17.6% upside from Tesla's July 17 close of $391.06

  60% confidence

• BofA's Tesla EPS estimates jumped to $2.13, $2.71, and $3.39 for 2026, 2027, and 2028 respectively, representing increases of nearly 7%, 4%, and 4%

  60% confidence

Data points we hold from this source