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Benchmark Reaffirms Tesla (TSLA) as ‘Top Pick’ on Robotaxi Potential, Hikes Price Target to $475
Benchmark Reaffirms Tesla (TSLA) as ‘Top Pick’ on Robotaxi Potential, Hikes Price Target to $475
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Benchmark upgraded Tesla's price target to $475 from $350, citing Optimism around the company's robotaxi launch in Austin. The new target implies a 46% upside from current levels, based on a premium 53.9x 2028 EBITDA multiple. Analyst Michael Legg emphasized Tesla's safety-first approach, noting regulatory approval and public sentiment as key to scaling the service.
Despite the bullish outlook, TSLA shares remain down 19% year-to-date amid demand concerns and macroeconomic headwinds. The report highlights Tesla's positioning at the intersection of automotive and tech, with autonomous vehicles representing a transformative opportunity.
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