Stifel analyst Stephen Gengaro raised the firm’s price target on Tesla (TSLA) to $483 from $440 and keeps a Buy rating on the shares. The firm, which believes Tesla is making progress with modest advancements in its Robotaxi network and full self driving software, is bumping up its price target to reflect more confidence in FSD and Robotaxi. Having unsupervised FSD available for personal use in the United States by year-end 2025 “appears to be a stretch, but seems more likely in the medium term,” the analyst added.
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