Piper Sandler analyst Alexander Potter keeps an Overweight rating with a $400 price target on Tesla (TSLA) but contends that the stock will likely sustain its upward momentum over the coming weeks. Driverless Teslas have been spotted on the streets of Austin, Texas and CEO Musk has acknowledged the deployment while predicting licensing agreements, with the “key component” of the firm’s bullish thesis has started to play out, the analyst tells investors in a research note. Piper warns however that any high-profile robotaxi accidents would likely be met with “violent downside”.
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