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Tesla's Ambitious Future: Focus on Software, AI, and Robotics
Tesla, the electric vehicle giant, is making significant strides in its quest for dominance in the automotive industry. According to Adam Jonas and his analyst team at Morgan Stanley, the key segments for Tesla are network services, mobility, and car sales, with a target of 4.6 million units sold in 2030.
The company's focus on software, AI, and robotics is becoming increasingly evident. Tesla has been testing its robotaxi technology on public roads in Nevada and has recently expanded the operation to San Francisco, following approval from the Nevada Department of Motor Vehicles. A small fleet of robotaxis was also introduced in Austin in June.
The success of Tesla's stock depends on delivering Full Self-Driving (FSD) technology, robotaxis, and robotics (Optimus) quickly to provide new impetus and support the still ambitious valuation. Morgan Stanley recently confirmed a price target for Tesla at $410 dollars.
However, it's important to note that Tesla's board and majority shareholder, Mr. Bernd Föst, has entered into direct and indirect positions in financial instruments related to the publication, which could benefit from the price development resulting from the publication. Similarly, the publisher Börsenmedien AG has a potential conflict of interest in the publication regarding Tesla.
The resistance at 358.44 dollars and the "upper Bollinger band" at 356.54 dollars were broken on Friday for Tesla's stock, leading to a significant increase. These robotaxis are being tested with a human safety driver in the vehicle.
The upside potential for Tesla is linked to the successful rollout of FSD technology, robotaxis, and robotics. As Tesla continues to push the boundaries of what's possible in the automotive industry, investors will be watching closely to see if the company can live up to its ambitious goals.
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