Baird backs Tesla with upbeat 2026 outlook and $548 target

Baird told investors to own Tesla into 2026, citing growth drivers such as robotaxi expansion, new product launches and progress on the Optimus robot. The firm also pointed to a potential SpaceX IPO as a catalyst. Baird reaffirmed its Outperform rating and $548 price target, noting Tesla shares are up 7% over the past month.