X @Herbert Ong

Challenges & Risks - BofA warns Tesla's Q2 will be challenging due to weak deliveries, IRA incentive phase-out, and tariff risks from Chinese-made batteries [1] Future Potential - Robotaxi launch in Austin boosts confidence in Tesla's FSD goal by the end of 2025 [1] - BofA notes the launch has "immaterial financial ramifications in the immediate term," but gives more confidence on unsupervised FSD by the end of 2025 [1] - BofA raises its price target for Tesla from $305 to $341, citing strong cash and long-term AI potential [1] Rating - BofA maintains a Neutral rating for Tesla [1]