Wolfe Research Comments on Tesla (TSLA) Robotaxi

Wolfe Research analyst Emmanuel Rosner reiterated a Peerperform rating and {REMOVEPT} price target on Tesla (NASDAQ: TSLA).

The analyst comments "While possibly sizable, real value is likely still yrs away (with high costs NT). Ultimately, investors need to gain confidence that TSLA is making measurable progress (rapidly increasing miles/intervention) & is building the right infrastructure to reach full autonomy. It will be hard to prove at this event, but if TSLA gives investors a roadmap for AV tech development, timeline for deployment, and color on the business model, it might be enough as a starting point. There is also a chance TSLA unveils its affordable new consumer vehicle, with promised SOP in 2025, which would be a positive surprise for investors."

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 $257.02 yesterday.

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