Reported 1 day ago
Exane BNP Paribas has initiated coverage on Tesla (TSLA) with an 'Underperform' rating and a price target of $307, citing concerns over the stock's valuation. Despite acknowledging the potential of Tesla’s AI ventures such as Robotaxi and Optimus, which currently generate no revenue and inflate the company's worth, the firm believes the risk/reward profile for Tesla remains unfavorable, projecting cash flow for 2026 to be significantly lower than consensus estimates.
Source: YAHOO