Truist Flags Autonomous Driving Volatility Despite Higher Tesla (TSLA) Price Target

Group 1 - Tesla, Inc. (NASDAQ:TSLA) has had its price target raised by Truist Securities from $406.00 to $444.00 while maintaining a "Hold" rating [1] - The firm's analysis indicates that developments in autonomous driving will lead to stock volatility, despite a long-term vision for AI [2] - A significant portion of Tesla's value is tied to the successful commercialization of its AI products and services, particularly the Robotaxi service enabled by Full Self-Driving (FSD) technology [2][3] Group 2 - The timing of new city announcements for Tesla's services is expected to be unpredictable, with potential imperfections in FSD outcomes and competitor announcements contributing to stock volatility [3] - While Tesla is recognized as a potential investment, there are AI stocks that may offer greater upside potential and lower downside risk [4]