Investing in Robotaxi: Insights on Tesla (TSLA) Stock Price and Analyst Reactions

Sunday, 13 October 2024, 13:56

Investing in Robotaxi technologies directly affects Tesla (TSLA) stock price. Morgan Stanley's recent analysis raises concerns about the company's future amid mixed reactions to the recent event. The lack of substantial updates on AI initiatives and FSD technology has impacted investor sentiment, leading to a new price target for TSLA.
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Investing in Robotaxi: Insights on Tesla (TSLA) Stock Price and Analyst Reactions

Investing in Robotaxi: A Shift in Tesla (TSLA) Stock Price

As investing in Robotaxi technologies continues to evolve, the recent event hosted by Tesla (NASDAQ: TSLA) has brought both excitement and disappointment among analysts and investors. With the share price of Tesla reacting negatively after the unveiling of its Cybercab and Robovan prototypes, concerns are mounting.

Morgan Stanley's Response

Morgan Stanley's Adam Jonas expressed disappointment regarding the event's lack of significant updates on critical AI initiatives and the Full Self-Driving (FSD) technology. While the demonstration showcased Tesla's advancements, the absence of key timelines and metrics left investors wanting more.

  • TSLA Ended the Day down 9%, trading at $217.
  • Analysts warn of potential pressure on TSLA stock in the coming days.

Analysts Diverge on TSLA Outlook

Despite the disappointment surrounding the Robotaxi event, opinions among analysts vary widely. Companies like Goldman Sachs maintain a Neutral rating while setting cautious price targets, contrasting with Piper Sandler's more optimistic approach. This divergence illustrates ongoing uncertainty in Tesla's trajectory.

  1. Goldman Sachs: Neutral rating, $230 price target.
  2. Piper Sandler: Overweight rating, $310 price target.

Technical Analysis of TSLA Stock

From a technical perspective, TSLA currently has support at $210 and $204. A failure to hold this trendline could result in further downside, but positive buy pressures could see the stock bounce back towards resistance levels around $270.

Investors are waiting to see how Tesla plans to navigate these challenges in the rapidly evolving landscape of electric vehicle technologies and autonomous driving.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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