As Tesla Inc. (NASDAQ: TSLA) stock fell by more than 25% in July 2026 due to second-quarter earnings that missed analysts’ expectations, Stephen Gengaro, a Wall Street expert at Stifel Nicolaus, signaled a cautiously positive outlook for the company’s shares over the next 12 months. 

Gengaro maintained a Buy rating for Tesla stock, according to a note Finbold analyzed on August 3. He, however, cut the firm’s 12-month price target to $491 from $508, representing a reduction of 3.35%. With TSLA shares trading at $311.21 at press time, this analyst signals a potential 57.77% upside.

“Cautiously positive – Stifel maintains Buy on progress in FSD, Robotaxi and demand, while cutting its target after margin and EBITDA…