Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $300.00 price target on Tesla (NASDAQ: TSLA).

The analyst said: "We have recently praised version 12.5 of Tesla's full self-driving (FSD) software. When deployed on 4th-generation hardware (“HW4”), v12.5 performed remarkably well. But then, after several “point releases” (v12.5.1.x), performance began deteriorating — at least based on data from the FSD Community Tracker (teslafsdtracker.com). Skeptics have responded by questioning the tracker's accuracy; but after exchanging emails with the tracker's designer, Elias Martinez, we think the actual explanation is more nuanced. Our take: recent trends may be concerning for HW3 vehicle owners, but not for shareholders."

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Shares of Tesla closed at $219.41 yesterday.