Tesla receives more support from bulls! Baird gives an "Outperform" rating, defining it as a leader in "physical AI."
Baird upgraded Tesla's rating from "Neutral" to "Outperform," believing that market sentiment is positive, although short-term fundamentals may fluctuate. Analysts pointed out that investor interest in Tesla's long-term growth potential is rising, especially regarding its leadership in the field of "physical artificial intelligence." Tesla's stock price rose 1% in pre-market trading on Friday, reaching $421.42, with a cumulative increase of over 25% in the past six weeks
According to the Zhitong Finance APP, Tesla's (TSLA.US) stock price rose in pre-market trading on Friday. Previously, Baird upgraded the electric vehicle manufacturer's rating from "Neutral" to "Outperform." The agency believes that although Tesla's fundamentals may fluctuate in the short term, market sentiment has shown a positive trend.
Analyst Ben Kallo emphasized, "Tesla's performance has been lackluster over the past few quarters, and the stock price has reacted relatively calmly; at the same time, investor attention to the company's long-term plans continues to rise—these two points lead us to believe that the market's focus on Tesla is increasingly shifting towards its future development potential."
The key point is that Kallo and his team suggested that the investment community is increasingly viewing Tesla as a leader in the field of "physical AI." They believe that Tesla's future core catalysts include: the release of the next-generation Optimus humanoid robot, the expansion of robotaxi in the U.S. market, the launch of more affordable models, and the upcoming shareholder vote on Elon Musk's compensation plan.
This week, Wedbush Securities reiterated its "Outperform" rating on Tesla (TSLA.US), with the core view that investors are gradually seeing through the demand issues the company faces in the short term, focusing on long-term value.
Morgan Stanley analysts also recently released a research report, sharing their experience of using Tesla's (TSLA.US) FSD (Full Self-Driving) system for a round trip of about 1,400 kilometers between Westchester County, New York, and Franklin County, Michigan, praising it for fundamentally changing the long-distance travel experience, which may become a standard feature in the future. They rated Tesla's stock as "Outperform," with a target price of $410.
As of the time of publication, Tesla's stock price rose 1% in pre-market trading to $421.42. Over the past six weeks, the electric vehicle company's stock price has increased by more than 25%. Additionally, Tesla will release its third-quarter (Q3) delivery report in less than two weeks
