Tesla’s Giga Texas factory has sent a bullish signal to investors, prompting Bank of America analyst John Murphy to increase his price target on the electric vehicle maker to $400. During a recent visit to the factory, Murphy and other analysts were impressed by the company’s capabilities and growth prospects.
Murphy cited Tesla’s strong energy business, its humanoid robot, Optimus, and upcoming projects like Robotaxi and a low-cost EV in 2025 as reasons for his revised target. He also praised Full Self-Driving capability, which he tested in Cybertruck and Model Y vehicles, saying they drove “seamlessly” despite challenging road conditions.
Despite underwhelming delivery figures this year, Tesla’s prospects remain promising, with analysts focusing on the company’s long-term growth potential. The stock is currently trading at around $372.
Source: https://www.teslarati.com/how-tesla-giga-texas-inspired-analyst-price-target-increase-boa