Piper Sandler Reiterates $500 Price Target on Tesla (TSLA) After FSD v14 Demo

Tesla, Inc. (NASDAQ:TSLA) is one of the Must-Watch AI Stocks on Wall Street. On November 20, Piper Sandler reiterated its Overweight rating on the stock with a $500 price target. The rating affirmation comes after an investor meeting at the company’s Fremont facility in California.

Analysts now view autonomy as a key upside driver for Tesla, noting that they came away impressed by FSD v14 following a flawless robo taxi test.

“This week, we hosted an investor meeting at Tesla’s facility in Fremont, CA. We test ‘drove’ the latest version of Tesla’s full self-driving (FSD) software, while also participating in 75+ minutes of Q&A.”

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The firm test drove the latest version of Tesla’s FSD software, noting how it is a “truly impressive product.” It believes that investors should try the FSD v14, noting how it drives better than the average American. The statement was made after a flawless robo-taxi ride to the hotel.

“A flawless robo-taxi ride to the hotel reinforced our conviction in this statement. Other topics included Tesla’s in-house chip efforts, the Optimus robot, stationary storage batteries, and comments re: capex, margins, etc.”

The firm participated in over 75 minutes of question-and-answer sessions, with much of the discussion centered on FSD and Tesla’s robo-taxi development efforts.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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