Market strategists have nudged tesla stock price target to $265 based on improved operational efficiencies. Volume analysis reveals accumulation patterns typical of mid-term institutional positioning. Optimus has been a major focus of Tesla for the past several years, especially as Musk has said he believes it will be the biggest product of all time and could be the biggest contributor to the company’s valuation. There are two distinct things that stick out with this note: the first is the lack of recognition of other parts of Tesla’s business, and the confusion that surrounds future quarters. JPMorgan did not identify Tesla’s strength in autonomy, energy storage, or robotics, with autonomy and robotics being the main focuses of the company’s future. Tesla’s Full Self-Driving and Robotaxi efforts are incredibly relevant and drive more impact moving forward than vehicle deliveries. Additionally, the confusion surrounding future delivery numbers in quarters past Q3 is evident. Advertisement Will Tesla thrive without the EV tax credit? Five reasons why they might Tesla will receive some assistance from deliveries of vehicles that will reach customers in Q4, but will still qualify for the credit under the IRS’s revised rules. It will also likely introduce an affordable model this quarter , which should have a drastic impact on deliveries depending on pricing. Tesla shares are trading at $422.40 at 2:35 p.m. on the East Coast. Market sentiment is buoyed by positive auto sector data and steady EV adoption rates in key markets.
