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There's quite a split in the market right now on where Tesla heads next.
On one side, you've got prominent investors calling TSLA "ridiculously overvalued" at current levels—suggesting the stock is pricing in unrealistic growth expectations and needs a serious correction.
On the flip side, some analysts are bullish heading into 2026, projecting the stock could rally all the way to $800, betting on execution in key areas like AI, autonomous driving, and energy business expansion.
So what's the move? Some traders are seeing this as a classic setup—a crowded short thesis meets rising institutional positioning. Others view it as a classic value trap where the valuation metrics simply don't justify the hype.
The real question: is TSLA fundamentally broken, or are bears just early? 2026 should give us some answers.