Deutsche Bank Cuts Tesla Price Target to $420 on Robotaxi Delays, Rising Cash Burn德银下调特斯拉目标价至420美元:Robotaxi进展滞后、现金消耗加剧
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On July 29, 2026, Deutsche Bank cut its Tesla price target from $465 to $420, citing Robotaxi expansion — particularly Optimus supply chain scaling — progressing more slowly than expected.
The bank said Tesla is entering a difficult period in which meaningful results by year-end appear unlikely, with cash burn expected to increase significantly.
TSLA has fallen to around $307 from May highs near $450, with EMA21 ($346.35) below EMA78 ($381.49) in a confirmed bearish configuration, as investors also stay cautious ahead of Tesla's Q2 earnings on August 4 and SpaceX's 911.5M-share lock-up expiry on August 6.