Tesla is predicted to reach a value of $1.00 by the end of the year, and despite mixed opinions on its quality, it is seen as a dominant force in the automotive industry similar to other successful tech companies like Apple, Nvidia, Google, Amazon, and Microsoft.
Tesla has raised prices on a key model after previously lowering them, causing the stock to tumble.
Barclays analyst Raimo Lenschow's bullish outlook on Oracle's AI cloud prompts him to upgrade the stock to Overweight and raise the target price to $150.
Tesla's supercomputer, Dojo, has the potential to increase the company's market capitalization by $600 billion, according to Morgan Stanley, as it can train AI models for autonomous cars and open up new markets beyond vehicle sales.
Tesla's stock is rising after an optimistic report from Morgan Stanley about Tesla's Dojo supercomputer, which could add about $500 billion in value to the company and potentially become a direct revenue generator.
Tesla's stock rose 6% after being upgraded by Morgan Stanley due to the company's potential in autonomous driving, while J.M. Smucker lost 6.2% following its agreement to acquire Hostess Brands for $5.6 billion, and Tenable Holdings gained 4.3% after receiving an upgrade from JPMorgan.
Tesla's market cap experienced a $70 billion surge after Morgan Stanley published a bullish report on the company's Dojo supercomputer, which is expected to solve hardware problems in AI and potentially contribute to the realization of Elon Musk's vision of full self-driving cars.
Tesla received a bullish upgrade from Morgan Stanley analyst Adam Jonas due to the potential value of its Dojo supercomputer, but Gordon Johnson of GLJ Research disagrees, criticizing the speculative nature of Jonas' claims and highlighting issues with Tesla's advanced driver assistance technology, leading him to rate TSLA shares as Sell.
Tesla's emphasis on price cuts to drive sales growth may hinder its ability to achieve higher margins and long-term profitability, leading Needham analyst Chris Pierce to have a "Hold" rating on the stock and believe that the company is on a path to becoming a mass-market OEM at a faster pace than previously expected.
Tesla stock has received an upgrade despite falling 6.8% in September due to downgrades and estimate cuts, providing some positive news amidst concerns over delivery outlook.
Tesla Inc. has once again reduced the prices of its popular models in the US to boost demand and take advantage of improved supply conditions, with the company offering discounts of up to $2,250 on certain models.
Tesla's stock ended the latest trading session at $259.67, with a slight decrease of -0.33%, and analysts are closely watching the company's upcoming earnings disclosure, expecting a decrease in EPS but an increase in revenue compared to the previous year.
Tesla's recent stock splits and its strong performance indicate solid fundamentals and growth prospects, leading to a bull-case price target of $2,500 per share by 2027, implying an 860% upside, according to Cathie Wood's Ark Invest. While the assumptions may be outlandish, Tesla's strong foothold in the electric car and autonomous vehicle markets, as well as its plans for FSD software and robotaxi services, make it a potential investment opportunity for risk-tolerant investors.
Investors are driving Tesla closer to rejoining the $1 trillion club with a market cap of $850 billion, but the company's Q3 delivery performance and price cuts highlight challenges ahead.
Ark Invest Founder Cathie Wood predicts that Tesla's stock price will reach $2,000 per share by 2027 due to its dominance in the robotaxi market, but critics argue that Wood's assumption of widespread adoption of robotaxis is unlikely and that General Motors, with its Cruise AV autonomous vehicle division, may be a better choice for investors in the emerging robotaxi industry.
Tesla is set to release its latest earnings, with options markets predicting a +/-6% move, and traders expecting the stock to trade below $229 by December.
