Benchmark starts Tesla at Buy on EV and other growth opportunities

As previously reported, Benchmark analyst Mickey Legg initiated coverage of Tesla (TSLA) with a Buy rating and $475 price target In addition to continued proliferation of the electric vehicle market, Tesla has multiple opportunities to fuel growth, including autonomous vehicles, robotics, and energy generation/storage, the analyst tells investors. The firm sees the release of more affordable Tesla models in 2025 as “a key catalyst for the stock,” adding that its model has only baked in vehicle growth, “providing significant potential upside should autonomous vehicles and Optimus achieve scale.”