Andrew Percoco, an analyst from Morgan Stanley, maintained the Hold rating on Tesla. The associated price target remains the same with $425.00.
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Andrew Percoco has given his Hold rating due to a combination of factors surrounding Tesla’s current and future operations. Tesla is making significant strides in the development of its robotaxi fleet, with recent tests in Austin showing vehicles operating without a safety monitor. This progress aligns with Tesla’s goal to remove the safety monitor by the end of the year, a crucial step towards scaling its robotaxi operations.
Despite these advancements, there are still uncertainties regarding the timeline for public deployment and the improvement of safety metrics without a safety monitor. Additionally, the production of the Cybercab, a purpose-built vehicle for the robotaxi service, is not expected to start until April 2026. These factors contribute to a cautious outlook, resulting in a Hold rating as Tesla continues to navigate these challenges and opportunities in its journey towards expanding its robotaxi fleet.
In another report released on December 11, Barclays also maintained a Hold rating on the stock with a $350.00 price target.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.