Tesla’s Price Target Raised to $500 by RBC Capital on Optimus Potential

Tesla’s Price Target Raised to $500 by RBC Capital on Optimus Potential

RBC Capital, an investment firm from the Royal Bank of Canada, has lifted Tesla‘s price target by over 50% citing the potential of the company’s humanoid robot, Optimus. The firm raised its price target by more than 50% to $500, from $325 previously. The new target implies an upside potential of 14.8% on the stock, based on Thursday’s close of $435.54. Tesla‘s shares have jumped over 39% in the past three months, a major rebound from the perform…