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Mizuho Raises Tesla Price Target to $530, Backs Robotaxi Momentum [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The firm said it's bullish on Tesla's robotaxi efforts. "TSLA - reiterate OP, raising PT to $530 from $475." The stock has been on the radar recently, particularly due to its robotaxi efforts. CEO Elon Musk tweeted earlier how Tesla has been testing robo-taxis without safety monitors in the car. This marks another step forward for the company towards services expansion across the U.S. While the company's robo-taxi service launched with safety monitors sitting in the front passenger seat, Musk hopes to remove the monitors by year's end. “We believe improvement in the Full Self-Driving [driver assistance technology] could support an accelerated expansion of the robotaxi fleet in Austin, San Francisco, and potentially earlier elimination of the chaperone.” -Mizuho analyst Vijay Rakesh The analyst looked at Alphabet's Waymo to figure out how Tesla's improvements can translate into more robo-taxi business. Waymo delivers 450,000 fully automated rides per week, and aims to reach 1
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