From Financial Modeling Prep: 2024-12-02 11:59:00

Tesla (NASDAQ:TSLA) shares surged over 2% after Roth/MKM analysts upgraded the company to Buy with a $380 price target, citing market sentiment shifts. The growing enthusiasm for electric vehicles in the U.S. and favorable regulatory changes were highlighted as key drivers for Tesla’s potential growth.

Tesla’s strong brand recognition and innovative CyberTaxi concept were seen as beneficial in the current market environment. The company’s advancements in AI, particularly in ADAS, were noted as a significant growth area supporting its leadership in the EV space and ambitions in humanoid robotics.

Analysts are confident that these catalysts could drive Tesla’s valuation higher, showcasing the company’s ability to adapt and thrive in changing global dynamics. Tesla’s focus on developing smarter, more capable systems further solidifies its position in the market and sets the stage for future growth.



Read more at Financial Modeling Prep:: Roth/MKM Upgrades Tesla to Buy, Shares Rise 2%