RBC Capital Increases Tesla’s Price Target to $500
RBC Capital analyst Tom Narayan raised the price target on Tesla to $500 (from $325) while maintaining an ‘Outperform’ rating on the stock.
“Autobots Rollout! Integrating Humanoids into Our Valuation Post-Berlin Gigatour
We hosted investors at Tesla’s Giga Berlin facility, where a key discussion point was on TSLA’s Optimus humanoid robot.
We estimate TSLA could capture 5% of our projected ~$9T humanoid robot market by 2050.
Incorporating this into our analysis, we raise our PT to $500 on humanoid math.
We estimate Tesla’s market penetration of the humanoid opportunity at 15% in the US, 8% in the EU, and 4% in China.
Applying these assumptions, Tesla could generate $404B in humanoid-related revenue by 2050.
Using a 10.0x revenue multiple and discounting back 24 years, we calculate a $638B valuation contribution from the humanoid segment, equating to $182 of our $500 price target.
TSLA’s humanoid robot segment accounts for 36% of its total valuation, Robotaxi contributes another 37%, followed by FSD at 11%, Cars at 8%, and Megapacks at 8%.”
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
