JPMorgan Chase Upgrades Tesla Rating to "Neutral," Bullish on Its AI and Hardware Integration Ability
BlockBeats News, June 5th: JPMorgan Chase upgraded Tesla from "Underweight" to "Neutral," stating that the stock's value is increasingly tied to autonomous driving, robotics, artificial intelligence, and software, rather than short-term electric vehicle earnings.
The bank raised its price target from $145 to $475, citing Tesla's strong hardware-software integration and long-term growth potential. However, it warned that regulatory, safety, and execution risks remain significant.
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