Tesla-investor-turned-bear Ross Gerber says that Elon Musk needs to show results on the company's biggest initiatives in 2026 or face investor backlash.

Tesla shares closed near a record high as investors focused on AI ambitions, brushing aside valuation concerns and slowing EV sales.

The Elon Musk-led company is experiencing increased sales pressure in the world's biggest car markets. Reuters reported that Tesla is having trouble righting the ship amid a "sales skid" as competitors release new,

Using Tesla's current shares outstanding (3.5 billion) and the market cap target suggests a share price of about $2,400. That's nearly 6 times the current share price, which is extremely ambitious. (Note that 424 million shares multiplied by $2,400 gets you to over $1 trillion.)

Kimbal Musk, brother of Elon Musk and a board member of Tesla Inc. (NASDAQ: TSLA), has offloaded over $25 million worth of Tesla shares, as per a recent SEC filing. What Happened: Kimbal Musk, known for his regular trading activities, sold 56,820 shares of Tesla common stock on December 9.

Tesla froze director pay in 2021 after a lawsuit, but earlier option grants kept compounding, turning board service into a $3 billion windfall

Musk often brags about how his products are either changing the world now, or will do so in the future. One of his favorite recent topics is Tesla Robotaxi. Tesla has teased its Robotaxi program since Musk first mentioned it in 2016. As recently as last year, Musk claimed there would be 1 million of them on the road by 2025.

Elon Musk's automaker has introduced a smorgasbord of discounts and deals, with Tesla facing a race to avoid another year of declining sales.