Connect with us

Top News

Evercore ISI: Tesla Stock Represents a $900 Billion ‘Call Option’ on Autonomous Driving and Robotics

Published

on



Evercore ISI has presented a new investment perspective on Tesla after its first annual delivery decline, suggesting that the stock now acts as a call option on future technologies like full self-driving and robotics. Analyst Chris McNally raised the price target to $275 from $195, indicating a potential 27% downside. Tesla’s future innovations are seen as separate from its core auto business. McNally also pointed out that CEO Elon Musk’s connections with the incoming administration could ease regulatory hurdles, which, coupled with the stock’s recent 57% increase since the election, suggests a promising outlook for autonomous vehicle commercialization.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement