""Overall, we find that TSLA's core automotive business represents around 12% of the total value while robotaxi is 45%, FSD is 17%, Energy Generation & Storage is around 6% and Optimus is 19%," the Bank of America analyst noted."
""Our PO revision is driven by a lower cost of equity capital, better Robotaxi progress, and a higher valuation for Optimus to account for the potential entrance into international markets," the analyst stated."
Bank of America increased Tesla's price target to $471 per share from $341 while keeping a Neutral rating. The firm used a sum-of-the-parts valuation through 2040 that assigns 45% of total value to a Robotaxi platform, 19% to the Optimus humanoid robot, 17% to Full Self-Driving, 6% to Energy Generation & Storage, and roughly 12% to the core automotive business. The price target lift reflects a lower cost of equity, improved Robotaxi progress, and a higher Optimus valuation tied to potential international market entry. The Neutral rating signals that much of the upside is already priced in.
Read at TESLARATI
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