Deutsche Bank has released a research report, resuming its "buy" rating on Tesla and listing it as the preferred stock in the automotive industry.
Deutsche Bank, which has been bearish on Tesla's stock price in the long term, recently released a rare research report on Tesla's stock price. The bank has resumed its "buy" rating on Tesla and listed it as the preferred stock in the automotive industry, in contrast to its long-term "neutral" rating on Tesla.$Tesla (TSLA.US)$In addition, Deutsche Bank has resumed the target price tracking for Tesla and set a target price of up to $295 for Tesla, compared to Tesla's Monday closing price of $216.27.
Deutsche Bank stated that it sees Tesla as a technology platform that is trying to reshape multiple industries. Analyst Edison Yu stated that due to the potential of autonomous driving and humanoid robot business, the stock deserves a unique premium. In addition, the energy storage business is emphasized as going through a major inflection point of growth/profitability and is expected to generate $13 billion in sales by 2025.
As of the time of posting, Tesla's stock rose more than 4% at one point.
'In the short term, vehicle deliveries/profit margins have indeed declined, but we believe this is temporary as new models/updated products are about to be launched. In the long run, Tesla is an emerging leader in autonomous driving (Robotaxi) and humanoid robots Optimus... They represent some of the clearest and most profitable applications of end-to-end artificial intelligence.'
Overall, the consensus rating among Wall Street analysts for Tesla is 'hold'. After a 2.63% increase on Monday, Tesla's stock rose over 1% in pre-market trading on Tuesday.
In a few weeks, Tesla will release its third-quarter delivery report. This report will be announced before Tesla's Robotaxi launch event on October 10th and the complete third-quarter financial report later this month.
Analysts generally expect Tesla to deliver 0.461 million cars in the third quarter, compared to 0.444 million in the previous quarter and 0.435 million in the same period last year. Specifically, the market expects the delivery volume of Model S/X to be 0.181 million units, Model 3/Y to be 0.4304 million units, and Cybertruck to be 0.128 million units. Looking ahead to the fourth quarter, analysts generally expect Tesla to deliver 0.494 million cars.
As Musk expressed on social media platform X (formerly known as Twitter) at the time, he believes that the Robotaxi based on fully autonomous driving and the "Optimus" humanoid robot will be the future of Tesla. In July, he posted on the X platform: Once Tesla fully solves the problem of autonomous driving and achieves mass production of the Optimus humanoid robot, anyone still holding a short position in Tesla will be "eliminated," including Bill Gates.
Musk previously made crazy market value predictions at Tesla's shareholder meeting, predicting that with the combined support of autonomous driving technology and the Optimus humanoid robot, Tesla's market value will exceed 30 trillion US dollars.
Cathie Wood, nicknamed "Tesla's No.1 fan" and "Musk's staunch supporter," believes that Tesla's market value is expected to exceed 8 trillion US dollars. Ark Investment Management, founded and led by Wood, recently updated its target price for Tesla. Ark expects Tesla's stock price to reach $2,600 by 2029. Ark's bullish logic on Tesla is that nearly 90% of Tesla's market value and profits are expected to be attributed to a self-driving taxi network built on an extremely powerful AI supercomputer.
Editor/ping