Wedbush has raised its price target for Tesla to $515 from $400, with a bull-case estimate of $650 by 2025. This revision comes as the investment firm underscores Tesla’s potential in AI and autonomous driving as a $1 trillion opportunity.
Analysts are especially bullish on Tesla’s Full Self-Driving (FSD) technology, with predictions that over 50% of Tesla’s installed base could adopt FSD in the coming years. This would drastically alter Tesla’s financial model and improve its margins, positioning the company for significant growth.
Key Takeaways:
AI & Autonomous Driving: Tesla’s advancements in autonomous driving are expected to play a central role in its future growth.
Price Target Boost: Wedbush’s new price target reflects confidence in Tesla’s technological innovations.
Financial Impact: A 50% penetration of FSD in Tesla’s fleet could shift profitability, paving the way for significant revenue growth.
Tesla’s progress is a clear indicator of the industry’s growing reliance on AI technologies, and investors should consider these developments when evaluating Tesla’s long-term value.
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