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Posted by
Two Blokes Apr 27 -
Filed in
Stock
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2 views
Despite a rough Q1, I reiterate my "buy" rating for Tesla with a price target of $365 as Tesla is extremely well positioned to dominate Autonomous Mobility given its full-stack verticalized infrastructure. Plus, Musk's reduced focus on DOGE and commitment to launching affordable models in the first half of FY25, while remaining on track with the pilot launch of Robotaxi in June, boosted investor confidence. Meanwhile, Tesla's Energy Generation & Storage business grew 67% YoY, contributing 22% to total gross profit, showcasing robust growth potential.
