Reported 9 months ago
On June 27, 2024, investment firm Stifel's analyst expressed optimism in Tesla's dominance in the electric vehicle market, particularly in Full Self-Driving (FSD) capabilities which could drive future growth, despite challenges facing the industry. The analyst viewed Tesla more as a tech company rather than an automaker and set a target price of $265. While Tesla's stock price dipped by 0.7% to $195.06 on the 27th, it is noted that Tesla remains unmatched in the EV market. With advancements in technology and the introduction of more affordable EV models, the market trend is predicted to improve, although this transition may take time. Analysts are upbeat about Tesla's AI technology, especially in the potential of FSD to create significant value through system sales, licensing agreements, and involvement in self-driving taxi projects.
Source: YAHOO