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TSLA
New York Post
88 days

Tesla hawk says shares of beaten-down stock could rally 40% on ‘golden age' of robotaxis

1. Tesla's robotaxi rollout may push stock up 40%, says WedBush analyst. 2. Analyst raises TSLA price target from $350 to $500, citing growth potential. 3. Autonomous driving market could reach $1 trillion, influencing TSLA's valuation. 4. Musk's reduced White House involvement could alleviate brand damage for Tesla. 5. Tesla faces challenges with declining European sales, down 49% year-over-year.

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FAQ

Why Bullish?

The positive forecast for robotaxis aligns with TSLA's growth story. Historical examples include similar product launches that fueled market enthusiasm and price increases.

How important is it?

The robotaxi development is crucial for TSLA's future, likely influencing long-term profitability and market perception significantly.

Why Long Term?

Robotaxi adoption will take time to reflect in TSLA's market valuation, akin to previous EV market trends where initial launches took years to materialize into significant sales.

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