Analysts at BNP Paribas have remained positive on Tesla, one of the few with a bearish outlook on the stock. The firm has an underperform rating and a $280 price target for the stock based on skepticism about the company’s Robotaxi and Optimus-focused plans for 2026. The analysts are also concerned about the lack of progress in Robotaxis and humanoid robots. They believe that Tesla's growth in Austin and San Francisco has stalled and its expansion into Dallas and Houston will require a steep ramp to reach the 7-city expansion, promised by CEO Elon Musk. Meanwhile, BNP is bullish on domestic Tesla rival Rivian, which lags far behind Tesla. The company has a $23 price target on its shares, 26% above the stock’ closing price of $16.92.