Bank of America Raises Tesla (TSLA) PT to $471, Maintains Neutral Rating

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks in the Spotlight This Week. On October 29, Bank of America raised its price objective on the stock to $471 from $341 but maintained a Neutral rating. The firm believes that Tesla remains a clear leader in “physical AI” but warned that its valuation remains stretched. According to firm analysts, the new price target is based a sum-of-the-parts (SOTP) valuation, assigning an estimated 45% of Tesla’s total value to its robotaxi business, 17% to Full Self Dri ...