Part 6/13:
Tesla’s stock has recently received multiple bullish analyst upgrades, with price targets rising dramatically. RBC from Tom Nion and TD Cowen's Michelle, among others, now see Tesla reaching $500-$550 within the near term, citing strong delivery numbers, positive momentum in autonomous vehicle development, and potential for aggressive revenue growth from new product lines.
Dan Ives from Wedbush added that the AI valuation component for Tesla is just beginning to be unlocked, emphasizing that the company could soon be trading at a market cap of $2 trillion or even $3 trillion by 2026, driven by advancements in FSD, cyber cabs, and robotaxis.