Analyst revises Tesla (TSLA) stock price target
Tesla’s (NASDAQ: TSLA) stock price has received a 14% upside revision based on the company’s anticipated Optimus robot capabilities.
By press time, Tesla was trading at $356, ending the last trading session up 1.8%. The equity has surged 44% so far in 2024.
Most of the year-to-date gains are attributed to the post-election rally, fueled by CEO Elon Musk’s close ties to President-elect Donald Trump, but the stock has faced rejection at $400.
Analyst predicts Tesla to target $400
The latest price target could be achievable, according to an investor note on December 5 by BofA Securities’ John Murphy. Murphy raised Tesla’s price target to $400 from $350…
