$Tesla(TSLA.US) continues to underperform in 2026, despite all its seemingly positive developments in unsupervised autonomy. So far in 2026, $Tesla(TSLA.US) -12% vs NDX -2%, extending its underperformance from 2025, when TSLA +11% vs NDX +20%. The bulls’ narrative that only TSLA can solve for generalized unsupervised autonomy has fallen apart as $Alphabet - C(GOOG.US) and others continue to scale up their robotaxi operations, as we have long predicted. $Alphabet - C(GOOG.US) $Baidu(BIDU.US) $WeRide(WRD.US) $Pony AI(PONY.US) and $Amazon(AMZN.US) are already completing 750K paid unsupervised autonomous rides per week without safety monitors. $NVIDIA(NVDA.US) has announced it will make its AI chips and software stack available to other OEMs, who can customize it to their own autonomous offerings starting in 2026 1H, essentially democratizing unsupervised autonomy.
What can turn TSLA’s stock price around?1/ Broad brand awareness campaign - TSLA has the best autonomous driving product on the market but consumers have no idea. TSLA should use its great FSD product to sell more Teslas. Rising volumes and higher market share are the surest way to bolster a lagging stock price.2/ Remove safety monitors from robotaxis. There is still uncertainty whether TSLA has truly solved for unsupervised autonomy. If TSLA mgmt truly believe FSD would require just 1 critical disengagement per year (similar to Waymo), then remove monitors from the cars. Prove the skeptics wrong.3/ Launch a conventional TSLA pickup truck. With an 8% global segment share, pickups remain the most unpenetrated of all TSLA TAMs. Even a 10% share of the pickup segment would translate to $1.20/share of earnings before cannibalization of Model Y - a 40% increase in 2027 earnings. At a 140x 2027 P/E that is an incremental $170/share in valuation.4/ Elon can buy more $Tesla(TSLA.US) stock. There is nothing that speaks confidence more than a CEO who buys his/her own stock.The copyright of this article belongs to the original author/organization.
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