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Tesla (TSLA) Soars on Massive Price Target Hike Following JP Morgan Upgrade

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The Story

News Summary

  • JP Morgan upgraded Tesla to Neutral from Underweight, significantly raising its price target to $475.
  • Analyst Rajat Gupta highlights the underappreciated value of Tesla's hardware-software integration in autonomy and robotics, projecting substantial long-term revenue growth driven by services rather than just vehicle sales.
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TSLA price history

360.24 -14.11% over the displayed period

Advisor Snapshot

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