Baird Reiterates Outperform on Tesla, $475 PT

Baird analyst Ben Kallo reiterated an Outperform rating and $475 price target on Tesla (NASDAQ: TSLA).

“Examining the Optimus and robotics opportunity.

We continue our series of deep dives into TSLA’s business segments with a focus on Optimus and Robotics.

Similar to our previous deep dives for these long-dated initiatives, we view our estimates as a starting point with many unknown variables.

Acknowledging these unknowns, we draw on our pay package analysis from last fall (note linked here) to value this piece of the business at ~$107 per share.”

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