Piper Sandler reaffirmed a $400 price target and overweight rating on Tesla following its Q1 earnings call, according to Benzinga. The investment bank noted the after-hours stock uptick aligned with its prediction of a “non-event” quarter. Piper Sandler said Tesla did not attempt to manage expectations by revealing plans for robotaxis and lower-cost models. The firm highlighted the upcoming June Robotaxi launch as a potential catalyst for investors. Musk reaffirmed his commitment to Tesla and plans to reduce his involvement with the Trump administration, fueling investor optimism. Tesla also announced a new affordable model based on its existing vehicle lineup.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Piper Sandler reaffirmed a $400 price target in overweight rating on Tesla
00:06following its Q1 earnings call, according to Benzinga.
00:09The investment bank noted that after-hour stock uptick aligned with its prediction
00:12of a non-event quarter.
00:14Piper Sandler said Tesla did not attempt to manage expectations by revealing plans
00:18for robo-taxis and lower-cost models.
00:20The firm highlighted the upcoming June robo-taxi launch as a potential catalyst for investors.
00:25Musk reaffirmed his commitment to Tesla and planned to reduce his involvement
00:29with the Trump administration, fueling investor optimism.
00:32Tesla also announced a new affordable model base on its existing vehicle lineup.
00:36For all things money, visit Benzinga.com slash GSTV.