Tesla stock receives two new price targets

Group 1 - The recovery of Tesla's stock has been driven by Elon Musk's $1 billion stock purchase, improved fundamentals in Q2, and the expansion of robotaxi and full self-driving services [2] - Deutsche Bank raised its Tesla price target to $435 from $345 while maintaining a Buy rating ahead of the third-quarter delivery report [3] - Deutsche Bank forecasts 461,500 vehicle deliveries for the quarter, which is flat year-over-year but up 20% from Q2, driven by the launch of Model Y L in China and pre-buying in the U.S. [4] Group 2 - Wedbush increased its price target for Tesla to $600 from $500, citing an "AI-driven valuation" phase due to robotaxi and robotics initiatives [5][6] - Wedbush anticipates robotaxi rollouts in over 30 U.S. cities within a year, estimating the AI and autonomy opportunity could be worth at least $1 trillion [7] - In a bullish scenario, analysts project Tesla's market cap could reach $2–3 trillion by the end of 2026 [7]