Tesla Inc. (NASDAQ: TSLA) stock upgraded by Baird analyst Ben Kallo from Neutral to Outperform, with a new price target of $548 due to a new pay package for CEO Elon Musk. The package includes milestones based on market cap, vehicle deliveries, FSD subscriptions, Optimus Bot deliveries, robotaxis, and adjusted EBITDA. Kallo predicts Tesla stock could be worth between $1,400 and $3,000 in 2035. Musk’s recent purchase of around $1 billion in Tesla stock is seen as a positive sign. Tesla is viewed as a leader in the AI sector, with opportunities for future growth. Analyst sees a pathway for Tesla’s market cap to exceed $5.5 trillion in 2035. Items highlighted include robotaxis, Musk’s pay package approval, Optimus Bot, Tesla Energy business growth, Tesla Semi launch, and more affordable electric vehicles. Many events are seen as potential catalysts for Tesla stock.

Read more at Yahoo Finance: Tesla Stock To Hit $3,000 In 2035? Analyst Says ‘Road Ahead Is Chock-Full Of Catalysts’