UBS Raises Tesla, Inc. (TSLA)’s Price Target to $215, Maintains Sell Rating

Tesla, Inc. (NASDAQ:TSLA) is among the 13 Best Big Name Stocks to Buy Now. On June 23, analysts at UBS lifted the stock’s price target to $215 from $190 after the company deployed a small group of robotaxis in Austin.

UBS Raises Tesla, Inc. (TSLA)'s Price Target to $215, Maintains Sell Rating

The launch has increased investor focus on the EV maker’s potential to gain from the autonomous ride-hailing market. UBS analysts project Tesla, Inc. (NASDAQ:TSLA) could have a fleet of 2.3 million robotaxis by 2040, generating $200 billion in revenue, if it navigates the regulatory and technological challenges.

However, analysts at UBS remain cautious about Tesla, Inc. (NASDAQ:TSLA)’s overall valuation and reiterated their Sell rating for the stock in the latest update, saying the autonomous ride-hailing opportunity is already priced into the stock.

The robotaxi rollout is the first instance of Tesla, Inc. (NASDAQ:TSLA)’s driverless cars carrying paying riders. Investors see the venture as crucial to the company’s future financial performance.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.