Tesla (TSLA) stock was downgraded to Sell by CFRA's team over the disconnect between the EV stock's fundamentals and value. Shares of the EV developer are ticking higher after CEO Elon Musk bought $1 billion worth of stock earlier this week.
Tesla has been approved to start testing autonomous robotaxi vehicles with a safety monitor in Arizona, the state transportation department said in an email to Reuters on Friday.
Shares of automotive giant Tesla Inc. NASDAQ: TSLA have surged nearly 20% over the past week, reminding investors just how quickly the stock can move when the narrative shifts. However, bulls had been scratching their heads for much of the summer.
Robots and robotaxis will turn Musk's carmaker into a ‘physical AI' company, says Baird
Thursday, Goldman Sachs analyst Mark Delaney raised his price target for Tesla stock to $395 from $300, but kept his Hold rating on shares.
Tesla, Inc. stock is rallying after CEO Elon Musk's insider buying activity. This is a moment when the stock price looks short-term overvalued, but is in actuality beginning to align with long-term reality. TSLA stock is a rarified asset connected to the most elite autonomous robotics company of our age. My base-case estimate is a TSLA stock price of $530 in December 2026, based on a forward P/S ratio of 12 and Fiscal 2027 revenue of $150B.
Tesla is upgraded to a Strong Buy, driven by Elon Musk's conviction, recent stock purchases, and transformative growth potential in AI, FSD, and robotics. TSLA's future value could be propelled by FSD, robotaxis, and the Optimus robotics segment, with potential for multi-trillion dollar market caps in these areas. Elon's $1B stock purchase signals confidence and may limit downside risk, with speculation he could further increase his stake toward 25% ownership.
The Waymo-Via Transportation partnership comes a day after Waymo and Lyft announced plans for self-driving taxis in Nashville.
Tesla is rethinking its electronic door handles, the company's chief designer told Bloomberg. It comes after US auto regulators began investigating issues with Tesla's flush door handles.
A decomposed body found in a car registered to singer d4vd has been identified as a missing 15-year-old girl.
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Tesla shares are on track to snap their longest stretch of gains since May, but investor sentiment seems to be improving as Musk devotes himself more to the EV maker.