Tesla’s stock surpassed $400 per share today, marking a significant moment since January 2022—almost three years ago.
The price reached a 52-week high of $404.80 before dipping to $382.36 by the end of trading, a 1.76% drop for the day.
Deutsche Bank has named Tesla a “key idea for 2025,” raising its price target from $295 to $370. The bank highlighted Tesla’s leadership in autonomous driving technology and its ability to perform strongly despite challenges in the global auto industry.
Tesla stands out in a tough market, where many carmakers face problems like dropping prices, oversupply, and low demand in Europe and North America. Deutsche Bank pointed to Tesla’s edge in innovation and execution, particularly in its progress toward fully self-driving cars.
The bank noted Tesla’s advanced computing power, which allows the company to develop and improve its self-driving software at an unmatched speed. While Chinese companies are trying to catch up, Tesla remains far ahead in areas like cost efficiency and fleet size.
Deutsche Bank also mentioned Tesla’s work on robotaxis, a future service that could revolutionize transportation. The company’s ability to handle critical driving challenges in autonomous mode might make it hard for competitors to keep up.
Tesla’s FSD is based on vision only and does not rely on lidar or radar. Early testers with FSD 13.2 continue to impress, showing us signs that full autonomy might be coming soon.
