Tesla ( (TSLA) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Tesla has made significant strides in its Full Self-Driving (FSD) technology, with the latest version, FSD 14.2, introducing various upgrades that enhance parking behavior, emergency vehicle handling, and routing. This development has positively impacted Tesla’s stock, with shares rising by nearly 1.5%. The potential for a wide release of this technology is on the horizon, which could bolster Tesla’s revenue from autonomous driving. Additionally, Tesla is expanding its Supercharger network through third-party ownership, with the first such station opening in Florida. This move could further enhance Tesla’s infrastructure and accessibility.
On the financial front, Tesla’s stock has a Hold consensus among analysts, with a mix of Buy, Hold, and Sell ratings. Despite a 12.1% rally in share price over the past year, the average price target suggests a slight downside risk. However, some analysts, like Alexander Potter from Piper Sandler, maintain an optimistic outlook, citing Tesla’s scale and AI capabilities as key advantages. The company’s ability to send software updates to millions of vehicles gives it a competitive edge in the race towards autonomous driving and robotaxi services. Tesla’s broader ambitions in AI and automation, including chip design and energy storage, indicate its intent to diversify beyond vehicle sales.