Tesla Inc

Tesla announced the rollout of its robotaxi service in Dallas and Houston, two new cities added to Austin and the San Francisco Bay Area. The expansion strengthens visibility on the group’s autonomous strategy, a key driver for supporting its valuation over the medium term. The stock is also benefiting from supportive factors, including confirmation of its leadership in the U.S. electric vehicle market. However, competition remains intense internationally, and some analysts have recently lowered price targets, which could cap short-term enthusiasm.

Tesla delivered 358,023 vehicles in the first quarter, below analysts' consensus of around 370,000 units. This second straight deliveries miss weighed on the stock, which was already down after the report, and reignites concerns about the automaker's near-term growth pace. Despite the setback, Wedbush kept its Buy rating and $600 price target, banking on the company's AI and robotaxi projects. The end of Model S and Model X production also confirms Tesla's shift in focus across its lineup and industrial priorities, but the market will mainly be watching its ability to recover volumes and execute on its technology roadmap.

Published on March 27, 2026, the article shows Tesla retreating in a selloff hitting the broader large-cap tech space, amid a correction in the Nasdaq, now down more than 10% from its recent peak. The daily drop of -2.76% is therefore consistent with this sector-wide pullback, driven more by market stress than by any company-specific news on Tesla.