NEW YORK / LONDON (IT BOLTWISE) – Tesla shares could rise 25 percent in the coming months, according to a Stifel analyst. The expert raises the price target to over $500 and sees Tesla’s AI technology and robotaxi initiatives as key growth drivers.
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Tesla stock has experienced some challenges in recent months, particularly due to sales declines and CEO Elon Musk’s political activism. Despite these difficulties, Stifel analyst Stephen Gengaro sees significant upside potential for the stock. He raised the price target from $483 to $508 and reiterated his Buy rating. Gengaro bases his assessment on a “sum-of-the-parts model,” in which he evaluates Tesla’s various business segments separately and combines them.
Particularly noteworthy is Tesla’s focus on the development of AI technologies, particularly in the areas of autonomous driving and robotaxis. Gengaro sees the full self-driving software (FSD) and the robotaxi initiatives as crucial factors for the company’s future value creation. The FSD software is valued at $186 per share, while the robotaxi business, which is still in its early stages, is valued at $158 per share.
Another aspect that goes into Gengaro’s analysis is Tesla’s humanoid robot “Optimus,” which is seen as a long-term value driver. Although this project is currently still considered theoretical, it could expand Tesla’s business scope far beyond the vehicle sector. Optimus is valued at $29 per share, bringing the overall valuation of Tesla stock to $507.
In contrast to Gengaro’s optimistic assessment, many other analysts are much more skeptical. According to “TipRanks,” analysts’ average price target for Tesla shares is currently just $383.04. Large investment banks such as UBS and JPMorgan are less optimistic and see risks in weak delivery figures and increasing competition in the electric car market. Nevertheless, Tesla’s technological development remains a key point that has the potential to permanently change the market landscape.
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