US investment bank bullish on Tesla, saying its robotic business value has not been reflected; reiterates $500 target price.

Wall Street investment bank Piper Sandler is bullish on Tesla stock, believing that the company has not fully reflected the future value of its humanoid robot Optimus business. Analyst Alexander Potter believes that if Tesla's stock price is $400 per share, investors will essentially be getting the Optimus business for free. Piper Sandler maintains a "overweight" rating on Tesla stock and a target price of $500, which implies that the firm expects the robotics-related business to bring about $100 per share in value. Alexander Potter also believes that this number may be conservative.