Procore signs multi-year strategic collaboration agreement with AWS
On Wednesday, Cantor Fitzgerald analyst Andres Sheppard maintained a Neutral rating and a $365.00 price target on Tesla stock (NASDAQ:TSLA). With a current market capitalization of $1.26 trillion and trading at a P/E ratio of nearly 100, InvestingPro analysis suggests the stock is currently overvalued relative to its Fair Value. In anticipation of Tesla’s earnings call, Sheppard projected the company would reveal its vehicle growth outlook for 2025, as well as targets for its Energy Generation and Storage business segment, which has seen significant growth year-over-year. The company’s latest financial data shows annual revenue of $97.15 billion, with InvestingPro reporting 20+ additional key metrics and insights available for subscribers.
The earnings call is expected to be noteworthy as it will be Elon Musk’s first since the inauguration of President Trump. Sheppard suggested that Musk might provide further details on Tesla’s Robotaxi segment during the call. Specifically, there may be announcements regarding the launch of the Robotaxi service using unsupervised Full Self-Driving (FSD) technology in Texas and California within the current year.
Further insights are anticipated regarding Tesla’s strategy for introducing a lower-priced vehicle model. Sheppard expects this new offering to be priced below $27,000, positioning it as a more affordable option in Tesla’s electric vehicle (EV) lineup.
Sheppard also noted the potential impact of political changes on the EV industry. With the new administration likely to eliminate the $7,500 tax credit for electric vehicles, he believes this could significantly influence demand within the industry in 2025. The analyst’s comments come as investors and industry watchers closely monitor Tesla’s strategic moves and the broader EV market’s response to regulatory shifts.
In other recent news, Tesla has unveiled a new feature that enables autonomous driving from the production line to loading docks within its Fremont facility, a move seen as a step towards Full Self-Driving capabilities. However, it is important to note that this feature is currently limited to a controlled environment within Tesla’s premises. On a different note, Tesla is facing scrutiny from Swedish authorities following a complaint lodged by the Union of Swedish Electricians, accusing the automaker of conducting unauthorized electrical work at its charging stations.
In the world of financial analysis, Morgan Stanley (NYSE:MS) has maintained its Overweight rating for Tesla, highlighting the company’s potential in the growing field of embodied artificial intelligence. Meanwhile, Tesla and BMW (ETR:BMWG), along with several Chinese manufacturers, are challenging the European Union’s tariffs on China-made electric vehicles. This legal challenge has been filed at the Court of Justice of the European Union.
These developments highlight recent actions and evaluations related to Tesla, offering investors a glimpse into the company’s recent activities and market position.
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