Wall Street's outlook on Tesla, Inc. (TSLA.US) is mixed: bulls see the stock rising to $600, while bears warn of cash flow risks.

On Thursday, the stock price of Tesla, Inc. (TSLA.US) fell, as investors are focusing on evaluating its first-quarter financial report and latest annual plan - the key adjustment being a significant increase in capital expenditure target to 250 billion US dollars. Analysts have differing opinions on the future prospects of Tesla, Inc. Ross Capital analyst Craig Owen pointed out that Tesla, Inc.'s performance in the first quarter was good, thanks to positive demand fundamentals, average price management, and moderate gains from one-time projects. He wrote, "In the short term, we believe that the upcoming IPO of SpaceX will dominate discussions about Tesla, Inc., with its direct and indirect impacts covering various aspects from how many Cybertrucks SpaceX may receive to the likelihood of a merger between Tesla, Inc. and SpaceX." The firm maintains its 'buy' rating on Tesla, Inc. and a target price of $505. Wedbush Securities analyst Dan Ives reiterated his 'outperform market' rating on Tesla, Inc. with a target price of $600. When summarizing his bullish views, he said, "Tesla, Inc. is transforming into a leading entity in the field of artificial intelligence... The path is clear, but it requires more capital expenditure." Morgan Stanley analyst Andrew Peelcoke believes that Tesla, Inc.'s first-quarter financial report has laid the foundation for future development. "Tesla, Inc. is heavily investing to realize its long-term vision for autonomous driving and tangible artificial intelligence, and we remain confident in this. However, due to the slower-than-expected commercialization process of key tangible artificial intelligence projects (autonomous taxis and Optimus), we believe that there is limited upside potential for Tesla, Inc.'s stock price in the short term." He added. Morgan Stanley maintains a 'hold' rating on Tesla, Inc. with a target price of $415. Hargreaves Lansdown analyst Matt Blitzman emphasized that the significant increase in capital expenditure means that free cash flow will disappear for at least the next year or two - as Tesla, Inc. enters a mult...