Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com -- Stifel raised its price target for Tesla to $483 from $440, citing increasing confidence in the company’s progress on Full Self-Driving (FSD) and its emerging Robotaxi network.
In a note to clients, Stifel said it believes “Tesla is making progress with modest advancements in its Robotaxi network and FSD.”
The firm added that Tesla has “high expectations for its camera-based approach,” which includes “Unsupervised FSD to be available for personal use in the United States by year-end 2025,” a goal that “appears to be a stretch but seems more likely in the medium term.”
Stifel said its new valuation reflects “20-25x projected 2025 EBITDA for the core business” and partial weightings for estimated upside from FSD, Robotaxis, and Optimus.
The analysts attributed $213 per share of value to FSD, $140 to Robotaxis, and $29 to Optimus.
The note highlighted the initial launch of Tesla’s Robotaxi service in Austin, Texas, where “the company launched its robotaxi service in June with limited service,” using “Model Ys with Tesla’s FSD stack” and a “human ‘safety monitor’ that sits in the passenger seat.”
Tesla has also received permits to test autonomous vehicles in Nevada and Phoenix, with expansion plans under consideration for Florida and New York, according to Stifel.
The analysts added that the Trump administration’s support for self-driving technology, including the Autonomous Vehicle Acceleration Act of 2025, could help Tesla by “exempting some [vehicles] from safety requirements and easing reporting safety incidents.”
Stifel concluded, “We are bumping our target price to $483 from $440 to reflect more confidence in FSD and Robotaxi.”