RBC Capital Lifts Tesla’s Price Target to $325

RBC Capital analyst Tom Narayan raised the price target on Tesla to $325 (from $319) while maintaining a Outperform rating.

“Should Tesla be successful on all of its goals, its valuation could far exceed even current levels.

The Austin robotaxi launch has been better than many feared and the company is looking to expand in more cities.

Regulatory hurdles remain, however.

Further, we expect the end of IRA credits and high levels of used EV inventory to pressure the auto business for the next several quarters.”

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