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Tesla Robotaxi Day Event 'More Fanfare Than Substance': 8 Analysts On Cybercab, Optimus, Autonomous Vehicle Vision

Benzinga LogoBenzinga13h ago

Tesla Robotaxi Day Event 'More Fanfare Than Substance': 8 Analysts On Cybercab, Optimus, Autonomous Vehicle Vision - Benzinga

Quick Summary:

The Tesla Analysts: Wedbush analyst Daniel Ives maintained an Outperform rating with a $300 price target.

The analyst said Cybercab and Optimus "could be a major financial contributor to Tesla," with an estimate of up to 20% of overall profits and a margin boost by the end of the 2020s. 

With Tesla stock trading down Friday, Ives said he understands the "knee jerk reaction" after the company spent less time on its strategic vision of autonomous vehicles, but thinks it's overdone to call the event a failure.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 16:26:30 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1092 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22999317

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Official Website: benzinga.com

Update Frequency: 35 posts per day

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News Last Updated: 10 hours ago

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