Following Tesla's announcement of delaying the robotaxi unveiling from August to October, analysts have reevaluated their stock price targets for the company. Some analysts downgraded Tesla, expressing concerns about limited visibility and potential risks to growth opportunities.
Conversely, other analysts raised their price targets, citing Tesla's strong Q2 electric vehicle deliveries and the company's expansion into new markets like humanoid robots and the robotaxi roadmap. The delay also led to a significant drop in Tesla CEO Elon Musk's stake, with the stock price decreasing by 8.4%.
Cathie Wood from Ark Invest predicts a 10-fold surge in Tesla's stock value with the introduction of robotaxis, highlighting the massive potential in the autonomous taxi platform market. While some doubt Nvidia's valuation and market concentration, Wood believes Tesla's autonomous driving capabilities will be pivotal for the company's future success.
Amidst these developments, Microsoft's stock price targets have also been adjusted positively due to its strong position in the generative AI space, offering integrated products for enterprise efficiency and cloud transformation.
