From Yahoo Finance: 2025-04-09 11:20:00

Investment bank Benchmark added Tesla (TSLA) to its Best Ideas List but lowered price target to $350 from $475, citing recent stock decline as “overdone.” Benchmark is bullish on TSLA, expecting new EV release to boost deliveries and robotaxi launch in June. Optimus robots could make Tesla a broad automation provider.

TSLA stock has dropped 7% in the last month and 41% in the last three months. While Benchmark sees potential in TSLA, they believe AI stocks offer greater promise for higher returns in a shorter timeframe. Check out Insider Monkey’s report on the cheapest AI stock for more information.

JPMorgan cuts EPS forecast for Tesla (TSLA) due to AI growth headwinds. Benchmark maintains Buy rating on TSLA, optimistic about upcoming EV release boosting deliveries and robotaxi launch in June. Benchmark believes TSLA’s U.S. manufacturing will mitigate tariff impact compared to peers. Optimus robots could expand Tesla’s automation capabilities.

Read more: Tesla (TSLA) Added to Investment Bank’s Best Ideas List