Autonomy
Bank of America raises Tesla price target to $471
Bank of America analyst Federico Merendi has increased the price target for Tesla stock to $471 from $341 while maintaining a Neutral rating. The adjustment reflects stronger progress in Tesla's Robotaxi and Optimus programs, which now account for a significant portion of the company's projected value. This comes amid broader Wall Street optimism about Tesla's AI and autonomy initiatives following its Q3 earnings.
Tesla's Q3 2025 earnings show mixed results
Tesla reported Q3 2025 revenue of $28.1 billion, beating expectations, but adjusted EPS of $0.50 missed estimates amid a 37% drop in net income. Vehicle deliveries reached a record 497,099 units, boosted by U.S. buyers rushing before EV tax credits expired. The energy storage segment grew sharply, with deployments hitting 12.5 GWh.
Tesla launches standard model 3 and y variants
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Tesla introduced more affordable Standard versions of its Model 3 and Model Y this week, priced at $36,990 and $39,990 respectively, to stimulate demand following the expiration of the $7,500 federal EV tax credit. Analyst Dan Ives of Wedbush Securities sees this as a step toward 500,000 quarterly deliveries, potentially reaching 600,000 with future models like the Cybercab. The launches come amid mixed reactions on pricing and features, including a closed roof on the Model Y Standard.