Wall Street analyst revises Tesla stock price amid AI skepticism

UBS analyst Joseph Spak has revised Tesla’s (TSLA) price target amid concerns over the market’s valuation of the company’s artificial intelligence (AI) initiatives.In an investor note on November 25, Spak maintained a ‘Sell’ rating for the stock while raising the price target to $226, up from $197.The analyst questioned the market’s current valuation of Tesla’s AI ventures, such as robotaxis and Optimus, which he estimates are being priced at nearly $1 trillion. In his valuation model, Spak emphasized that ...