Wall Street analysts update Tesla stock price target

Core Viewpoint - Tesla's stock price target has been raised by multiple analysts due to its advancements in autonomous driving, robotics, and energy, with the stock trading at $446, up over 16% year-to-date [1] Group 1: Analyst Upgrades - Cantor Fitzgerald raised its price target for Tesla from $355 to $510 per share, maintaining an 'Overweight' rating, reflecting confidence in Tesla's long-term prospects and upcoming production milestones [3] - Morgan Stanley's Adam Jonas described Tesla's advancements in autonomous driving as a "historic turning point" for transportation, likening it to the industrial revolution's steam engine breakthrough [5] Group 2: Production Milestones - Volume production of the Cybercab, Semi, and Megapack 3 is expected to begin in fiscal year 2026, with Optimus production slated for next year, which are seen as pivotal for Tesla's leadership in energy and AI [4] - Tesla plans to operate vehicles without safety drivers in Austin within months, challenging conventional robotaxi thinking [6] Group 3: Financial Projections - Morgan Stanley noted that Tesla's Full Self-Driving (FSD) program, with 12% global penetration, could generate $1.2 billion in annual revenue, significantly boosting profits [7] - Tesla's broader network services, including FSD, charging, and maintenance, could add $160 per share to its valuation [7] Group 4: Technological Advancements - Tesla's global fleet functions as an "ever-expanding distributed inference cloud," enhancing AI-driven services and creating new opportunities across various sectors of autonomous technology [8][9]