From Nasdaq: 2024-07-30 20:10:29

Elon Musk claims that Tesla is more than just a car company, positioning itself as a technology innovator. While his robotaxi ambitions might be too optimistic, Tesla’s potential lies in its ability to fulfill Musk’s grand visions. Investor James Foord sees room for growth in Tesla’s service and energy revenues, despite disappointing auto numbers.
Foord suggests that Tesla’s worst-case scenario has already been factored into the stock price. He believes that investing in Musk’s AI projects could still yield significant returns, even if the ambitious goals are not fully realized. With a Buy rating on Tesla, Foord remains optimistic about the company’s outlook.
Wall Street analysts are split on Tesla’s potential, with a Hold consensus rating and an average price target with a slight downside. Despite differing opinions, the focus remains on whether Tesla can deliver on its transformative projects like the Optimus humanoid robot. Investors are urged to conduct their own analysis before investing in Tesla.



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