Tesla's stock is known for its volatility, with a beta of nearly 2.5, suggesting strong sensitivity to S&P movements. The stock is currently priced around $330 per share, but viewing Tesla as an AI company rather than an electric vehicle maker enhances its investment appeal. With new developments like the Cybercab and ongoing robotaxi rollout, significant price targets, including $500 per share, are being set by analysts. Notably, Ark Invest's Cathie Wood has increased her position recently, indicating positive momentum ahead for Tesla shares.
Tesla stock, with a beta of nearly 2.5, amplifies moves made in the S&P. Viewing it as an AI company rather than just an EV automaker provides a stronger investment case.
Analysts believe Tesla's Cybercab and robotaxi rollout could propel its stock price to new highs, with some setting a $500 price target based on positive developments.
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