Tesla gets price target boost as robotaxi plans advance
Stifel raised its Tesla price target to $508, implying 25% upside, and reaffirmed a Buy rating. The firm cited strong Q3 results, progress in full self-driving, and expanding robotaxi tests in Austin and the Bay Area. Tesla delivered 497,099 vehicles in the third quarter, while analyst Stephen Gengaro called FSD development increasingly meaningful to valuation.