RBC Capital raised the firm’s price target on Tesla (TSLA) to $325 from $319 and keeps an Outperform rating on the shares. Tesla’s valuation could far exceed current levels should it be successful on all of its goals, the analyst tells investors in a research note. While the Austin robotaxi launch has been better than many feared, regulatory hurdles remain, and the IRA credits and high levels of used EV inventory should pressure the auto business for the next several quarters, RBC says.
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