Tesla (TSLA) Stock Rises on Stifel’s Bullish AI and Robotaxi Outlook
Tesla shares rebounded Monday after Stifel analyst Stephen Gengaro raised his price target to $508, citing the company's AI-driven Full Self-Driving technology and robotaxi initiatives as key valuation drivers. The upgrade follows a 5% weekly decline, with Wall Street bulls emphasizing Tesla's AI potential despite short-term volatility.
Gengaro highlighted Tesla's robotaxi expansion plans, noting operational progress in Austin and the San Francisco Bay Area with safety drivers still present. The company aims to scale to 8-10 metropolitan areas by late 2025, according to Q3 earnings call commentary.
Wedbush's Dan Ives concurred on Tesla's AI prospects, calling it the automaker's most important growth vector. The analyst community remains divided on near-term execution risks versus long-term AI monetization potential in Tesla's business model.