What the analyst said
Oppenheimer analyst Colin Rusch reiterated a Perform rating on Tesla (NASDAQ: TSLA).
“With CEO Elon Musk and President Trump publicly falling out, we believe the political calculus on renewables and EV support has shifted modestly which could result in extended timing on renewables safe-harbor provisions as Congressional leaders assess mid-term risk post Trump/Musk split.
We see the potential for better than feared language in the Senate budget bill (likely released next week) driving NT upside for solar names.
At the same time, the difficult work at TSLA is just beginning as the company starts to repair brand damage while executing on its Physical AI strategy.
We continue to see challenges in TSLA’s autonomy platform given its reliance on photon counting cameras and expect investors to be less forgiving of product delays given Musk’s adjusted political standing.”
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Track record
Firm track recordOppenheimer: 64% of its 14 targets at least a year old were reached within 12 months. Accuracy ranking →
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