Tesla and General Motors: BofA Bets Big on Autonomy and ICE Dominance With Bold Price Targets

Bank of America is making two bold, contrasting bets on the future of transportation: BofA reinstated Tesla with a Buy rating and a $460 price target, calling it the current leader in consumer autonomy, while analyst Alexander Perry initiated coverage of General Motors with a Buy rating and a $105 price target, betting that GM's truck and SUV dominance becomes even more profitable as EV pressure releases. ...