Lates News

Electric car analyst Soye Merritt posted that after visiting China, Piper Sandler analyst Alex Potter raised Tesla's target stock price from $400 to $500. After meeting with Chinese electric car manufacturers, we can see why Elon Musk respects these "fast followers" so much. In fact, vertically integrated Chinese original equipment manufacturers may be Tesla's number one competitive threat. But when it comes to "real-world" AI, these companies will look to Tesla for guidance rather than the other way around. As one company put it, "Without Tesla going from 0 to 1, we cannot go from 1 to 100." In short, Tesla remains our top choice for investing in autonomous driving cars and robots." Musk responded, "China has many excellent companies in many industries."