Tesla (TSLA) Investor Day Shows Why The Company Deserves A Tech Multiple - Macquarie

Macquarie analyst Maynard Um reiterated an Outperform rating and $400.00 price target on Tesla (NASDAQ: TSLA) after attending the company's analyst event focused on Autonomous Driving And Robotaxis.

The analyst stated "Tesla is a technology company at its core and should be valued as one: if it wasn’t clear before, we think it should be clear now. We believe very few traditional OEMs have the capability to design their own chipset. High-tech companies such as Apple, Google, and Facebook have." From a valuation perspective he believes "Tesla’s autonomous technology is worth at least as much GM Cruise ($11.6 billion), if not higher (potentially 1-2x the valuation at $15-$25 billion),
in our opinion".

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $260.91 yesterday.

You May Also Be Interested In

• Tesla recalls nearly 3 million vehicles in China over safety issues
• Einride to deploy 500 Tesla Semis across North America for Amazon
• Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson