Tag TSLA

Update: RBC Cuts Price Target on Tesla to $227 From $293, Robotaxi Math Revisited; Keeps Outperform Rating...

RBC analyst Tom Narayan cut his price target on Tesla stock to $227 from $293 while keeping his Buy rating. He’s adjusted his robotaxi math...

RBC Capital Markets Global Autos Analyst Tom Narayan has lowered his price target for Tesla (TSLA) from $293 to $227, citing concerns about the company's anticipated robotaxi project. Narayan joins the Morning Brief to share his perspective on the electric vehicle giant's outlook. Narayan's price target revision was influenced by two key factors. First, he anticipates lower pricing in the rideshare industry by the time robotaxi launches. Second, he projects higher revenue share percentages for rideshare platforms like Uber (UBER) and Lyft (LYFT), potentially diminishing robotaxi's valuation. Despite these concerns, Narayan maintains that the robotaxi project will be the "biggest contributor of value for Tesla." However, Narayan emphasizes that "the biggest hurdle" for this technology lies not in its development but in infrastructure adaptation. "The tech isn't that really far away, it's not the tech. It's really the cities need to reengineer themselves," Narayan explains to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith...

These stocks are all down more than 15% this year...

Is Wood's Tesla price target realistic?...

Tech stocks look set to drive Wall Street higher, with chipmaker Nvidia leading the way. The Bank of England is widely expected to keep interest rates unchanged, yet the Swiss National Bank cuts rates again. U.S. stock futures traded marginally higher Thursday, with the tech-heavy Nasdaq Composite leading the way...