Lemonade Autonomous Car Insurance
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Tigress Financial Initiates Coverage of Tesla, Inc. (TSLA)
Yahoo Finance· 2026-02-20 16:04
Group 1: Company Overview - Tesla, Inc. (NASDAQ:TSLA) is a vertically integrated battery electric vehicle manufacturer and developer of real-world artificial intelligence software, including self-driving cars and humanoid robots [4] Group 2: Investment Insights - Tigress Financial initiated coverage of Tesla, giving it a Buy rating and a price target of $550, anticipating long-term growth as the company transitions to a multi-layered physical AI platform [1] - Key drivers for Tesla's growth include increasing Full Self Drive subscriptions, robotaxis, and Optimus humanoid robots, which are expected to create a physical AI growth flywheel [1] Group 3: Sales Performance - Tesla's domestic sales in China dropped 45% year-on-year in January 2026, totaling 18,485 units, marking the lowest monthly retail total since November 2022, indicating significant demand deterioration in the largest EV market [2] Group 4: New Product Launch - Lemonade launched Lemonade Autonomous Car Insurance in collaboration with Tesla's Full Self-Driving, offering a 50% reduction in per-mile rates when FSD is activated, with deployment starting in Arizona and expanding to Oregon [3]