If you’re checking your phone today, January 15, 2026, and wondering what's the price of tesla stock, you’re looking at a number that feels a bit like a rollercoaster midway through a loop. As of the market close yesterday, Tesla (TSLA) sat at $439.20. It’s down about 1.8% from the previous session.
Basically, the stock is breathing heavy.
It’s been a weird start to the year. Just a couple of weeks ago, we were ringing in 2026 with some optimism, but the market has been a bit of a bully lately. Tesla has actually lost nearly 9% of its value in the last month alone. While the S&P 500 has been mostly chilling with a 2% gain, Tesla is out here doing its own thing—mostly sliding.
Honestly, that’s just the "Tesla Tax." You pay for the volatility.
The $439 Reality Check
When you ask what's the price of tesla stock, you have to look at the "why" behind the $439.20. It isn't just a random number; it’s a reflection of a massive tug-of-war. On one side, you’ve got the car people who are worried because EV sales actually dropped last year. On the other side, you’ve got the AI believers who think Elon Musk is about to turn every Tesla on the road into a money-printing robotaxi.
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Right now, the "bears"—the skeptics—are pointing at the numbers.
- Forward P/E Ratio: 199.27. (Most car companies are under 10).
- Revenue Forecast: Analysts are expecting about $25 billion for the upcoming earnings call on January 28, which is actually a slight drop from last year.
- Market Cap: Still sitting pretty at $1.46 Trillion.
It's a lot. If you compare Tesla to someone like Ford or GM, the valuation is almost laughable. But people don't buy Tesla because they like the way the door handles pop out. They buy it because of the "Cybercab" and a robot named Optimus.
Why the Price of Tesla Stock is Shifting Right Now
There are three big things hitting the ticker this week. First, Nvidia just flexed. At CES last week, Nvidia showed off some autonomous driving tech that basically said, "Hey, every car company can do what Tesla does now." That put a dent in the idea that Tesla has a permanent moat around its software.
Second, there's the FSD pivot.
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Elon just announced that Tesla is stopping the outright sale of "Full Self-Driving" software. Starting February 14, it's subscription-only at $99 a month. If you wanted to buy it for $8,000 or $12,000 to keep forever, that window is closing.
Third, we are two weeks away from the Q4 2025 earnings report. The "whisper number" on Wall Street isn't great. Analysts like those at Zacks have a "Sell" rating on the stock right now because they expect earnings per share (EPS) to drop nearly 40% compared to last year.
The Robotaxi Gamble
The big reason what's the price of tesla stock stays so high despite falling car sales is the April 2026 deadline. That’s when the Cybercab—the one with no steering wheel—is supposed to start production at Giga Texas.
Musk is betting the whole company on it.
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He recently mentioned they need about 10 billion miles of training data to make "unsupervised" driving safe. They are at about 7.2 billion now. It's a race against time. If they hit that 10-billion-mile mark and the software actually works without a human, the $439 price might look like a bargain. If they miss? Well, even bulls like Dan Ives from Wedbush admit the valuation is "stretched."
Is the Price Justified?
It depends on who you ask.
- The Bulls (Cathie Wood/Dan Ives): They see a $2 trillion to $3 trillion market cap by the end of this year if the "AI Chapter" takes hold. To them, Tesla is a robotics company that happens to sell cars.
- The Bears (Gordon Johnson/Aswath Damodaran): They look at the 8.3% market share (down from nearly 11% a year ago) and see a car company that is overvalued by about 90%.
Honestly, both could be right. Tesla is a "story stock." The price isn't based on how many Model Ys were sold in December; it’s based on the belief that a software update will change the world.
What You Should Do Next
If you’re watching the price today, don't just stare at the $439.
- Watch the January 28 Earnings: This is the big one. If Tesla misses revenue targets again, we might see the stock test its 52-week low of $214.
- Monitor FSD Subscription Numbers: Now that it's subscription-only, recurring revenue will be the new metric. If people aren't paying the $99/month, the "AI story" starts to leak oil.
- Check the 10-Billion-Mile Progress: Musk is tracking this publicly. The closer they get to 10 billion miles of FSD data, the more the "Robotaxi" narrative will pump the price.
Volatility is the only guarantee here. Whether you think it’s a tech titan or an overpriced car lot, what's the price of tesla stock will likely remain the most debated number on your screen for the rest of 2026. Keep an eye on the Giga Texas production updates for the Cybercab, as any delay there will likely trigger the next big price move.