Tigress Financial Sets $550 Target as Tesla’s China Sales Plunge 45%
Tigress Financial initiated coverage of Tesla with a Buy rating and $550 price target, citing growth from FSD subscriptions, robotaxis and Optimus robots as Tesla evolves into a physical AI platform. Meanwhile, January domestic China deliveries fell 45% year-over-year to 18,485 units, marking the lowest monthly total since November 2022.
1. Tigress Financial Initiates Coverage
On February 12, Tigress Financial began covering Tesla with a Buy rating and a $550 price target. The firm highlights Tesla’s transition from a pure-play EV maker to a multi-layered physical AI platform, driven by growing Full Self-Driving subscriptions, planned robotaxi deployment and development of Optimus humanoid robots built on its EV and energy infrastructure.
2. January China Deliveries Drop 45%
Tesla’s domestic China deliveries fell 45% year-over-year in January to 18,485 units, the lowest monthly retail total since November 2022. The sharp decline signals weakening demand in the world’s largest electric-vehicle market and may pressure quarterly revenue and margin forecasts.
3. Lemonade Launches Autonomous Insurance
On January 21, Lemonade rolled out an autonomous car insurance product for Tesla’s Full Self-Driving vehicles, cutting per-mile rates by roughly 50% when FSD is active. The offering launched in Arizona on January 26 and expanded to Oregon in February, aiming to lower ownership costs and promote FSD adoption.
4. Musk’s Net Worth Surpasses $672B
Elon Musk’s net worth climbed to an estimated $672 billion in 2026 following the SpaceX and xAI merger valued at $1.25 trillion. With $53 billion added this year, his fortune now exceeds the combined market caps of Rivian, Ford, GM and Toyota by $141 billion, underscoring investor confidence in Tesla and his broader tech portfolio.