JPMorgan estimates Tesla will generate $320 billion in robotaxi revenue by 2035, with $314 billion coming from a company-owned and operated fleet and only $5 billion from the network allowing vehicle owners to earn passive income. The bank also upgraded its recommendation on Tesla from Underweight to Neutral in June 2026, raising its price target from $145 to $475. Tesla reported revenue of $28.24 billion in Q2 2026, up 25.5% year-over-year, and plans capital expenditures above $25 billion for the year.
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