Reported 24 days ago
Analysts are revising their price targets for Tesla as the company prepares to launch its robotaxi in October 2024. Recent demand trends, driven by higher electric vehicle registrations and production of new models, are influencing these adjustments. Guggenheim Partners increased their target to $153, while Deutsche Bank initiated coverage with a $295 target, viewing Tesla as a leading technology platform rather than just a car manufacturer. However, Tesla shares have experienced a decline this year despite recent positive registration numbers.
Source: YAHOO