Tesla, Inc. (NASDAQ: TSLA) was initiated as “Underperform” with a price target of $307.00 by Exane BNP Paribas on October 16. The firm cited inability to justify the stock’s valuation due to AI ventures like Robotaxi and Optimus robots, which contribute to 75% of their $1.02 trillion price target but generate no revenue. Despite ambitious forecasts, Tesla’s risk/reward is unfavorable, with projected 2026 cash flow $4B below consensus, driven by margin and AI/software pressures. While bullish on Tesla’s AI future, analysts believe other AI stocks offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Exane BNP Paribas Starts Tesla (TSLA) at Underperform With $307 Price Target