Following the recently announced three-year framework agreement with SPIE for Megapack deployments across Europe (see prior coverage), Tesla is advancing its grid storage ambitions. This partnership supports network stability and renewable integration, helping diversify from EVs amid market pressures.
The SPIE deal reinforces Tesla's energy segment as a higher-margin avenue, even as the company prioritizes robotaxis, AI software, and autonomy amid EV competition.
Key near-term focus remains on regulatory approvals for autonomous ride-hailing. Notably, the Delaware Supreme Court's reinstatement of Elon Musk's 2018 pay package sets ambitious benchmarks for production, software subscriptions, and robotaxi milestones, guiding execution on Tesla's roadmap.
Under optimistic projections, Tesla could reach $148.1 billion in revenue and $15.4 billion in earnings by 2028, reflecting 16.9% annual revenue growth and earnings expansion from $5.9 billion currently.
Analysts peg fair value at $391.35, suggesting 19% downside from current levels. Community sentiment varies widely, with estimates from $67 to over $2,700 among 214 Simply Wall St members, balancing EV challenges against energy and autonomy upside.