Deutsche Bank raises Tesla price target, says EV maker's AI initiatives will boost the stock

Deutsche Bank raises Tesla price target, says EV maker's AI initiatives will boost the stock

Deutsche Bank has a buy rating on Tesla.

Tesla stock receives two new price targets

Tesla (NASDAQ: TSLA) is trading at $424.67 as of Friday morning, up 21.5% year-to-date. The stock has staged a strong rebound since early June, when a public spat between Elon Musk and President Donald Trump sent shares tumbling to $285. The recovery has been fueled by several factors, including Musk’s $1 billion open-market stock purchase in mid-September, the company’s steadier fundamentals in Q2, and the rollouts of robotaxi and full self-dri…

Deutsche Bank Lifts Tesla’s Price Target by $100 Ahead of Q3 Delivery Report

Deutsche Bank analyst Edison Yu has released a new research note on Tesla, where he said the firm now expects the Elon Musk-led company to post ‘roughly flat’ Q3 EV deliveries. Sequentially, the figures are forecasted to jump 20% to 461,000 units. With the stock jumping over 20% in the past 30 days, the bank has raised the EV maker’s price target from $345 to $435 — which implies a 2.7% upside potential, based on Thursday’s close at $423.39. “Ah…