Tesla Analyst On High-Stakes Future: Optimus, Robotaxi, FSD Have Potential, But Execution Risks Loom
Tesla Inc (NASDAQ:TSLA) stock soared in 2024 as investors could be focused on long-term catalysts like FSD, robotaxis and Optimus and not the short-term concerns about a fourth-quarter delivery miss.
A Tesla analyst shares a Tesla sum-of-the-parts valuation and what could have the highest impact on the future of the company.
The Tesla Analyst: Bank of America analyst John Murphy downgraded Tesla from Buy to Neutral and raised the price target from $400 to $490.
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The Analyst Takeaways: Tesla has long-term catalysts, but the rise in the stock price in 2024 could put valuation into question, Murphy said in a new note.
“Valuation captures much of long-term potential from autos, robotaxi, other and execution risk is high,” Murphy said.
Murphy said there is still upside to Tesla stock, but the stock price increase limits the long-term potential.
Tesla’s robotaxi segment is called the biggest opportunity by Murphy, a segment that he believes could account for nearly 50% of the company’s valuation and be worth $420 billion in the U.S. and over $800 billion globally in the …
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