Tesla (TSLA) Stock Price Target Revised – What Investors Should Know
Thursday, 5 December 2024, 12:59
Market Movements: Tesla (TSLA) Price Target Increased
Tesla's (NASDAQ: TSLA) stock price has received a 14% upside revision based on the company's anticipated Optimus robot capabilities. By press time, Tesla was trading at $356, ending the last trading session up 1.8%. The equity has surged 44% so far in 2024.
Analyst Predictions: Aiming for $400 Target
- The latest price target could be achievable according to BofA Securities' John Murphy.
- Murphy raised Tesla's price target to $400 from $350 while maintaining a 'Buy' rating.
- This revision reflects optimism around Tesla's expanding robotics.
Robotics Revolution: Accelerating Production
Optimus is operational within Tesla's facilities, where it sorts 4680 battery cells autonomously. Its increased deployment is expected to accelerate its training and development.
Market Analysis: Mixed Outlook on AI Potential
- Joseph Spak from UBS expresses skepticism regarding Tesla's capabilities.
- Despite mixed sentiments, bullish predictions suggest a doubling of TSLA stock price to around $600 in the next 18 months.
- Investors are advised to stay informed on these ongoing developments.
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.