Tesla FSD 'Stunningly Good, But Not Useful Today': Analyst Questions Self-Driving Efforts After Near Crash, Funeral Procession Failure
Portfolio Pulse from Chris Katje
Truist analyst William Stein reiterated a Hold rating on Tesla (TSLA) with a price target of $215, expressing skepticism about Tesla's Full Self-Driving (FSD) technology after a near-crash experience. Despite some positive aspects, Stein found the FSD v12.3.6 not useful today and emphasized the importance of Tesla's AI efforts to its stock valuation.
July 29, 2024 | 8:37 pm
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Truist analyst William Stein reiterated a Hold rating on Tesla with a price target of $215, expressing skepticism about Tesla's Full Self-Driving (FSD) technology after a near-crash experience. Despite some positive aspects, Stein found the FSD v12.3.6 not useful today and emphasized the importance of Tesla's AI efforts to its stock valuation.
The analyst's Hold rating and skepticism about the FSD technology suggest a neutral short-term impact on Tesla's stock. While the FSD technology has some positive aspects, the near-crash experience and the analyst's comments may cause investors to be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100