Currently, Wall Street analysts unanimously believe that tesla's stock price is about to "make a comeback" after a difficult period; now, as the next phase of growth begins, everyone's attention is focused on its siasun robot&automation taxi and ai plan.
Currently, Wall Street analysts unanimously believe that after a difficult period for Tesla's stock price and many dramatic events due to legal disputes surrounding CEO Musk, the electric vehicle manufacturer may be ready for a comeback.
Investors have been watching for potential rebounds in Tesla's stock for over a year. Tesla's sales volume has fallen 15% in the past 12 months. Its delivery volume has also fallen for the second consecutive quarter, but the data is better than analysts' expectations, reaching 443,956 vehicles, while the previous estimate was 436,000 vehicles.
On Wednesday, Eastern Time, Tesla continued to rise more than 6% due to better-than-expected Q2 delivery volumes and rose for seven consecutive trading days, setting the record for the longest consecutive rise since June 2023. Calculated, the stock has risen nearly 34.95% since the close on June 24, almost reclaiming all the losses this year.
Energy storage becomes a bright spot.
Analysts believe that these data may indicate that good days are coming for this automaker just as investors begin to pay more attention to the development of artificial intelligence (AI).
"Tesla has regained its magic?" Morgan Stanley strategists said in their latest report. "Just two weeks ago, our clients were preparing for shareholders to reject Musk's 2018 compensation plan. This could lead to changes in management and strategy, which could further expand negative news that has been concentrated for several months. However, fast forward to today, customers are starting to ask us about positive catalysts for Q2 and beyond."
In addition, Tesla reduced inventory in the second quarter and increased sales of its energy storage to an all-time high. According to strategists at Morgan Stanley, higher energy storage sales are a "headline-grabbing" update because it indicates that Tesla can benefit from the trend of rising energy demand brought about by the AI boom.
They wrote in the report that with the accelerated stimulation of energy demand, generation and data center investment by the new generation of artificial intelligence, they believe that investors will begin to pay more attention to Tesla Energy. Morgan Stanley's valuation of Tesla Energy is $36 per share because the company is in a unique position and will benefit from the American grid investment accelerated by the AI boom.
Morgan Stanley reiterated its "shareholding" rating on Tesla and set a target price of $310, meaning the stock still has about 26% upside potential.
Self-driving taxis are worth looking forward to.
CFRA Research's senior stock strategist Garrett Nelson said, "Since the annual meeting in mid-June, Tesla's stock has maintained a positive momentum. We believe that Musk has successfully redirected investors' attention to long-term opportunities in artificial intelligence, robotics, energy storage and other business areas, shifting attention away from many recent challenges."
He added that Wall Street is now focusing on Tesla's self-driving taxis, which Musk has been talking about for a few months and may be a "huge driving force" for future growth.
CFRA maintains its "buy" rating on the stock and raised its target price to $250 per share.
After delivery data exceeded expectations, some strategists are more optimistic.
"I think in the next few years, Tesla's stock price will double or triple, or even more." Keith Fitz-Gerald, head of Keith Fitz-Gerald Research, said. "This is a problem with robots. I think this may be the most underestimated AI target on this planet right now. Love him or hate him, Musk knows what he's doing."
Dan Ives, a well-known strategist at the US investment bank Wedbush, previously stated that Tesla's stock price might rise sharply in the second half of this year because the first appearance of Robotaxi represented a turning point for the company.
Wedbush reiterated its "outperform" rating on Tesla and raised its target stock price to $300 per share. Ives said that in the most optimistic situation, Tesla's stock price may rebound to $400 by the end of this year, an increase of 63% from the current level.
"For Tesla stocks, Wall Street has recognized that Tesla is the most undervalued AI company in the market. In short, Tesla's worst days are behind us because we believe that demand for electric cars is beginning to return to this disruptive technology giant ahead of the historic Robotaxi Day on August 8th." he said.
Editor/Emily