Tesla Analyst Says Full Self-Driving 'Matters More Than Anything Else,' Latest Version Is 'Revolutionary,' Will Take Stock To $300
Portfolio Pulse from Adam Eckert
Piper Sandler analyst Alexander Potter has maintained an Overweight rating on Tesla Inc (NASDAQ:TSLA), highlighting the latest version of Tesla’s Full Self-Driving (FSD) technology as 'revolutionary.' Potter believes FSD is crucial for Tesla's future, with a price target of $300 per share. Despite recent weak quarters and a 7% year-to-date decline in stock price, the analyst sees FSD as a major driver of future revenue and margin expansion.
July 29, 2024 | 5:42 pm
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Piper Sandler analyst Alexander Potter has maintained an Overweight rating on Tesla, citing the latest version of Tesla’s Full Self-Driving (FSD) technology as 'revolutionary.' The analyst believes FSD is crucial for Tesla's future, with a price target of $300 per share. Despite recent weak quarters and a 7% year-to-date decline in stock price, the analyst sees FSD as a major driver of future revenue and margin expansion.
The analyst's positive outlook on Tesla's Full Self-Driving technology and the high price target of $300 per share are likely to boost investor confidence in the short term. The emphasis on FSD as a major revenue and margin driver adds to the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100