Mizuho Securities analyst Vijay Rakesh increased Tesla's price target significantly from $230 to $515, citing its leadership in EVs, energy storage, and infrastructure.
Rakesh emphasized that Tesla's robust position in solar battery storage and autonomous vehicles will allow it to navigate challenges better than less-established competitors.
Analysts see potential for Tesla shares to reach $681 based on successful Robotaxi deployments and advancements in Full Self-Driving technology and AI.
Despite a near 9 percent dip in shares, Tesla's yearly performance remains strong, with a 77 percent increase since the presidential election.
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