Tesla’s Autonomous Driving Initiative Sparks Investor Enthusiasm

Tesla appears poised for a significant strategic shift. Despite recent pressure on its share price, market analysts are now projecting a contrasting outlook, suggesting the electric vehicle manufacturer’s robotaxi business could trigger unprecedented growth. Financial firm Stifel has reinforced this perspective by elevating its price target to $508, indicating a potential 26 percent upside. What is driving this surge of confidence among investors?

Major investment firms are demonstrating growing belief in Tesla’s direction. Nomura Asset Management increased its stake by 4.2 percent, accumulating over 1.17 million shares valued at $373.6 million. This position now ranks as the tenth largest within the Japanese asset manager’s portfolio.

They are not alone in their bullish stance. Read more...