Tesla Stock Surges on Optimistic Analyst Outlook

Tesla stock surged on Monday, following a Stifel analysts optimistic outlook, raising the price target from $483 to $508. The analyst, Stephen Gengaro, highlighted Teslas full self-driving technology and robotaxi service as key drivers for this positive sentiment. Gengaro believes that Teslas advanced AI will significantly improve the FSD experience, making it smoother and more reliable. Despite a recent stock dip due to concerns over falling gross profit per vehicle, Gengaro remains bullish on Teslas robotaxi rollout and the potential for FSD improvement at Giga Texas.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.