Shares of Tesla, Inc. climbed over 3% on Monday morning, reaching a one-week high after bullish notes from two Wall Street analysts. Roth MKM upgraded Tesla to ‘Buy’ from ‘Neutral’ and more than quadrupled its price target to $380 from $85.
Tesla’s Elon Musk and his close relationship with President-elect Trump are already having a huge impact on the EV maker, says Wedbush.
A new video appears to show that Tesla's Optimus robot has mastered the complex process of catching an object in midflight.
Grand View Research estimates autonomous vehicle sales will increase at 22% annually through 2030, and Global Market Insights expects autonomous ride-sharing revenue to grow at 64% annually through 2032. That could lead to rapid earnings growth for Tesla given that software and services earn higher margins than electric vehicles.
Prominent AI scientist Max Tegmark said the narrative of a geopolitical battle between the U.S. and China racing to build the smartest AI is a “suicide race.”
Tesla has run up significantly on upbeat earnings and the Donald Trump win. Click here to find out why I am rating TSLA stock a sell.
Tesla is overvalued due to the potential loss of EV tax credits and carbon tax revenue under the Trump administration. Click here for our update on TSLA stock.
BYD, China's top electric vehicle (EV) maker and rival to Elon Musk-owned Tesla, has expanded its portfolio by venturing into the assembly of Apple 's iPads. As The Wall Street Journal reports, BYD now assembles more than 30% of Apple's iPads. The company has deployed over 10,000 engineers and another 100,000 workers exclusively for the job.
Investing.com-- Stifel hiked its target price for Tesla Inc (NASDAQ: TSLA) and reiterated its Buy rating on the electric vehicle maker citing increased confidence in its artificial intelligence and autonomous driving offerings. Stifel hiked Tesla’s target price to $411.0 from $287.0- representing a 19% upside from Tesla’s close on Friday.
While long-term investors appear to see substantial upside for Tesla from a Trump presidency, we’d be much more circumspect about Tesla stock at current levels.