Wall Street analysts note Tesla's Q1 margins beat expectations but warn of higher capex and slower autonomous vehicle rollout.
Goldman Sachs maintains Neutral rating with $375 target, cites 51% YoY rise in FSD subscriptions and predicts negative free cash flow through 2027.
Barclays and Morgan Stanley keep Equal Weight ratings, target $360/$415, flag robotaxi scaling, hardware issues, and rising cash burn.
Jefferies sees strong demand, order backlog highest in two years, and expects Optimus production to start July‑August 2026.