JPMorgan lifts Tesla target to $475, citing robotaxi and AI upside
What's new: The bank moved Tesla to neutral from underweight and sees revenue topping $200 billion by 2030.
JPMorgan raised Tesla to neutral from underweight on Friday and lifted its price target to $475 from $145, arguing the company’s value now rests more on autonomous driving and robotics than on near-term electric-vehicle earnings. The bank said investors are increasingly focused on robotaxis, humanoid robots, AI chips and software services as Tesla’s next growth engines. Analysts led by Rajat Gupta forecast revenue rising from about $95 billion in 2025 to roughly $203 billion by 2030, with nearly half of that increase coming from services and newer autonomy-related businesses. The brokerage also warned that major risks remain, including regulatory approvals, safety validation and scaling new technologies.