Quick Read

• Tesla earns a BUY rating with a $401 price target, but the entire thesis rests on Robotaxi autonomy revenue, now live in seven U.S. metros.

• Tesla trades at 159x forward earnings versus GM’s 6x and NVIDIA’s 25x, pricing in AI upside with only a 1.4% operating margin to show for it.

• Over $25 billion in planned capex and negative free cash flow of $1 billion last quarter cap the bull case at $472 and floor the bear case at $360.

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The 24/7 Wall St. price target for Tesla (NASDAQ:TSLA) is $400.84. The stock…