✅ Confirmed
Financial
Financial
JPMorgan upgrades Tesla to Neutral, raises price target to $475
JPMorgan has ended its nearly decade-long bearish stance on Tesla by upgrading the rating to Neutral and raising the price target from $145 to $475. This shift coincides with analyst Rajat Gupta taking over coverage, applying a broader framework beyond traditional automotive metrics. The firm highlights Tesla's unique vertical integration of hardware and software as a key competitive advantage, especially for scaling autonomy. JPMorgan forecasts a significant earnings inflection point for Tesla toward the end of the decade, while acknowledging risks in regulatory approvals and scaling.
- JPMorgan raises Tesla price target from $145 to $475
- Analyst change: Rajat Gupta replaces Ryan Brinkman
- Broader focus includes robotaxis, robotics, and FSD as a service
🔎 Why it matters: The upgrade to Neutral and price target increase reflect a shift in Tesla evaluation under new analyst Rajat Gupta focusing on vertical integration and future businesses like robotaxis and FSD.
📈 Upside: Acknowledges vertical integration as an advantage for scaling autonomy and diversifying revenue.
📉 Risk: Execution risks remain around regulatory approvals and scaling.
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