2024-07-19 14:38:19 ET
Summary
- Tesla, Inc.'s autonomous taxi strategy could revolutionize transportation, creating a significant competitive moat and drastically increasing long-term margins and free cash flow.
- The recent 40% rally in Tesla’s stock reflects growing market optimism; long-term growth hinges on successful robotaxi deployment and partnerships, positioning Tesla as a leader in AI transportation.
- Despite potential short-term volatility, Tesla’s focus on autonomous taxis could drive a 5-year CAGR of 35%, potentially leading to a $1,045 stock price by 2029, contingent on overcoming regulatory challenges.
I last covered Tesla, Inc. ( TSLA ) in May; I put out a Buy rating at the time, and since then, the stock has gained approximately 40% in price. The stock has about broken even since my first thesis in November 2023, and I have allocated Buy ratings throughout my entire analyst rating history on the company thus far....
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Tesla: Autonomous Taxi Sentiment Is Just Getting Started