Can Tesla Stock Continue Its Bull Run? Rob Wertheimer Says $520 Is in the Cards
Tesla shares have surged 96% over the past six months, reigniting debates about its valuation. Melius Research analyst Rob Wertheimer initiated coverage with a Buy rating and a $520 price target, projecting 19% upside. The bullish case hinges on Tesla's autonomy ambitions—specifically, the expectation that full self-driving (FSD) will revolutionize ridesharing and expand the market.
Wertheimer acknowledges risks: FSD remains imperfect, and the timeline for true autonomy is uncertain. Yet he insists the inflection point is near. "Our target assumes Tesla’s autonomy push succeeds in passenger cars," he notes, envisioning dominance in rideshare and beyond. The stock’s trajectory now depends on whether reality aligns with this disruptive vision.
