Tesla stock rises as Stifel gets bullish on FSD, robotaxis

Tesla stock moved higher on Monday following a rough week as investment bank Stifel gets bullish. Analyst Stephen Gengaro upped his Tesla price target to $508 from $483 and maintained his Buy rating, citing a sum-of-the-parts analysis and Tesla's strength in full self-driving (FSD) and its robotaxi service. "We believe that Tesla's AI-based Full Self-Driving (FSD) technology and Robotaxi initiatives are critical to the story and a large part of our valuation," Gengaro wrote in a note to clients. Tesla s ...