
EV maker Tesla TSLA.O said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations on Wednesday
TSLA shares up 2.7% at $399.7 premarket- LSEG data
KEEPING FEET ON THE GROUND
Morgan Stanley ("overweight," PT: $430) says TSLA is evolving from an automotive 'pure play' to a highly diversified play on AI and robotic as AI technology starts to impact the physical world more
Canaccord Genuity ("buy," PT: $404) says TSLA is set to accelerate its journey in 2025 with a fleet of unsupervised vehicles on the roads in Austin, Texas in June
TD Cowen ("hold," PT: $180) sees production risks that could pressure margins and affect stock sentiment
Barclays ("equal-weight," PT: $325) sees risks in combining different aspects of TSLA's Full Self-Driving (FSD) and Robotaxi plans, as some elements are much more crucial to building a strong positive outlook for the company