Tesla stock gets “Buy” rating and $295 price target from Deutsche Bank

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1) Teslarati:

Tesla has received an optimistic “Buy” rating and $295 price target from Deutsche Bank analyst Edison Yu. The analyst launched his coverage of the electric vehicle maker after former Deutsche Bank analyst Emmanuel Rosner–who used to cover Tesla for the firm–moved to Wolfe Research.

Yu stated that Tesla is not just “an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework.” He also noted that the electric vehicle maker is “in a league of its own and represents our highest conviction secular leader, poised to reshape multiple industries across auto, energy, mobility, and robotics.”

2) Saywer from X.com:

• "At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework.

•Tesla structurally already has a big lead in BEVs, especially as it relates to scale/cost, and commands outsized brand value globally. Near-term, automotive deliveries/margin have indeed been softer but we view this as temporary ahead of new models/refreshes coming in the pipeline.

• For the longer term, Tesla is an emerging leader in autonomous driving (robotaxi) and humanoid robots (Optimus), in our view, which represent some of the most clear and lucrative applications of end-to- end AI. Furthermore, the energy storage business is already undergoing a major growth/margin inflection, set to generate $13B in sales in 2025."

3) My Take:

•As what Brian said this is a sign of what's coming on 10 October when Tesla unveils Robotaxi which is scheduled at Warner's studio. Read here:
Tesla presents new Robotaxi platform at Warner Brothers Studio in California

•Despite several important announcements and evidence shown, Tesla's hater (and someone) is still making negative biased comments about the company and the coming Robotaxi.

•I am not surprised if a "popular" media plays down the unveiling of Robotaxi by distracting with other "Tesla news from reliable sources" and later proves to be inaccurate (it has already happened).