#2 - Tesla (NASDAQ:TSLA)
Investors may look at the relationship between Tesla Inc. (NASDAQ: TSLA) founder and chief executive officer, Elon Musk, and Donald Trump with a healthy dose of cynicism. But if this relationship was a bet on Tesla, it looks like a good one.
If the Trump administration successfully creates a federal regulatory framework for autonomous vehicles, Tesla would be an obvious beneficiary. Among U.S. companies, Tesla is furthest down the AV path. The company’s full self-driving (FSD) technology is currently at Level 2. But if a regulatory framework allows electric vehicle (EV) makers to apply for regulatory approval at Level 4, then Tesla has a huge leg up.
Musk has made no secret that Tesla’s future is inexorably linked to autonomous driving. But investors have been wondering how long it would take for that bet to pay off. It appears that timeline is shrinking and analysts are raising their price targets, including Wedbush which gave TSLA stock a $400 price target and Stifel Nicolaus which came in with a $411 target.
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
Read More - Current Price
- $394.36
- Consensus Rating
- Hold
- Ratings Breakdown
- 17 Buy Ratings, 14 Hold Ratings, 9 Sell Ratings.
- Consensus Price Target
- $295.69 (25.0% Downside)
