1 Wall Street Analyst Thinks Tesla Will Hit $425. Is it a Buy Around $235?

Core Viewpoint - Tesla is experiencing significant volatility in its stock performance, with recent controversies surrounding CEO Elon Musk impacting investor sentiment and sales, particularly in Europe [2][5][6]. Group 1: Stock Performance - Tesla shares doubled after the election but have since lost all gains due to ongoing controversies and negative headlines [2]. - Despite a 50% decline in stock price, Tesla is still valued based on future innovations, particularly the anticipated robotaxi service [6]. Group 2: Company Challenges - Sales in Europe are reportedly plunging, and the company is facing vandalism and protests in the U.S., contributing to a challenging business environment [2][5]. - Analysts have reduced earnings estimates for Tesla for this year and next, with Wall Street projecting only 13% revenue growth for the current year [6]. Group 3: Future Prospects - Tesla is preparing to launch its robotaxi service next year, which could significantly impact its market position, and has received an upgrade from Cantor Fitzgerald, raising its price target to $425, suggesting an 82% upside [4]. - The launch of the robotaxi service is seen as a critical milestone, especially given Musk's long-standing promotion of the concept [5].