Technological companies sell the future, and few do it more decisive than Tesla.
During the Conference Conference of results on Wednesday evening, for example, it was relatively shortly spent discussing the latest vehicle numbers or the lowest than expected results of the fourth quarter. Much more was devoted to the thoughts of the CEO Elon Musk concerning a possible 10 billion of dollars in robots, its visions for massive growth of market value and other things. Investors, according to some observers, are looking in the same direction.
Tesla (TSLA) shares “seems to be in the balloon,” wrote Gene Munster, the managing partner of Deepwater Asset Management, wrote on X last night. He considered the last quarterly results of the company as “disorderly”, citing the profitability of its automotive sales, but “investors don’t care because it all depends on what is on arrival”.
Wall Street analysts are generally more cautious. The average price objective on shares, according to visible alpha data, is about $ 374, below Wednesday’s fence; As many analysts have “purchase” ratings on actions that hold neutral or negative notes when the last two are combined.
“The feeling of investors has changed more positively and the catalysts around future growth engines have been fully recognized,” wrote Bank of America Analysts, who has a neutral note, but also a price target of $ 490 – on the title. “Our latest evaluation analysis suggests that there are still advantages, but the risk of execution is high.”
Tesla stock “continues to confuse us,” wrote UBS analysts in a note published today. “Tesla is more than an automotive company. We can almost definitively say that the market does not deal with Tesla as a automotive company, but rather an AI company. “(They have increased their course objective today, but it is much lower than recent prices, and their rating is a” sale “.)
The action recently increased by more than 2% to just under $ 400. In the past 12 months, it’s more than doubled.
