Tesla Shares Trade at $380 as AI and Robotics Scale
Tesla focuses on scaling AI, robotics, and energy sectors following record second-quarter deliveries and the expansion of Robotaxi operations.
Tesla Inc. shares traded at $380.54 on Monday, October 15, 2026, as the company shifts its focus toward AI, robotics, and energy to support its valuation. Second-quarter revenue increased 25.5% to $28.24 billion, supported by record deliveries of 480,126 vehicles. Despite this growth, the company reported contracted operating margins of 1.4% and negative free cash flow of $1.092 billion.
CEO Elon Musk has taken direct control of the Terafab chip project and promoted the Optimus robot, which he described as potentially the "biggest product ever." Current growth is largely driven by a 56% increase in Full Self-Driving subscriptions, totaling 1.48 million, and the rollout of Robotaxi operations across seven United States metropolitan areas.
Financial pressures remain high, with management projecting capital expenditures to exceed $25 billion in 2026. While market analysts maintain a consensus price target of $396.57, speculation continues regarding a potential merger between Tesla and SpaceX by late 2027.
