As previously reported, Mizuho analyst Vijay Rakesh upgraded Tesla (TSLA) to Outperform from Neutral with a price target of $515, up from $230. The firm, which believes Tesla’s autonomy software stack is improving towards broad commercialization, sees a loosening regulatory framework positioning the autonomous segments for upside. In addition, the firm argues that new Trump administration policies, such as consumer EV tax credit repeals, will position Tesla better with a lower EV cost structure relative to peers.
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