Banking giant sets Tesla stock price target ahead of Robotaxi launch

Core Viewpoint - Tesla's stock is experiencing a pre-market surge, currently trading at $325.85, which is significantly above Barclays' reiterated price target of $275, indicating a potential downside of nearly 16% from current levels [1] Group 1: Delivery Expectations - Analyst Dan Levy anticipates Tesla will report 375,000 deliveries for Q2, which falls short of the consensus estimate of 400,000 deliveries [2] - Despite the expected shortfall in deliveries, investors seem to be overlooking this risk in favor of positioning for Tesla's long-term strategy [2] Group 2: Robotaxi Launch - The focus is shifting towards the upcoming robotaxi event on June 22, where Tesla is expected to unveil its next-generation autonomous vehicle platform [3] - This event is significant as it represents the first concrete product launch related to Tesla's robotaxi ambitions, which could greatly influence investor sentiment, especially regarding full self-driving timelines and regulatory clarity [3] Group 3: Market Sentiment - There is a potential "buy the rumor" sentiment in the market ahead of the robotaxi launch, although Texas lawmakers are urging Tesla to postpone the Austin robotaxi launch until September [4] - The outcome of the robotaxi event could have a substantial impact on Tesla's trajectory for the second half of 2025, depending on whether it meets or disappoints investor expectations [4]