William Blair analyst Jed Dorsheimer has maintained their neutral stance on TSLA stock, giving a Hold rating today.
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Trade TSLA with leverageJed Dorsheimer’s rating is based on a combination of factors, including Elon Musk’s recent purchase of nearly $1 billion in Tesla stock, which signals strong confidence in the company’s future, particularly in its robotaxi business. Despite this positive signal, Dorsheimer maintains a Hold rating due to concerns about how Tesla’s margins will be affected by the elimination of environmental tax credit revenue in the latter half of the year.
Furthermore, while Tesla’s robotaxi service shows promising growth and potential cost advantages, there are still challenges and uncertainties in achieving safety milestones with its vision-only approach. The competition, such as Waymo, has been in operation longer, and while Tesla’s fast follower strategy is showing rapid expansion, it remains to be seen if it can sustain this momentum. These factors contribute to the decision to retain a Market Perform rating.
In another report released today, Barclays also maintained a Hold rating on the stock with a $275.00 price target.