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Barchart
Barchart
Faisal Humayun Khan

This Analyst Predicts Tesla Stock Will Crush Traditional Automakers, ‘They Had Plenty of Warning Time’

According to at least one analyst, Tesla (TSLA) stock is poised to create significant value for shareholders, with autonomous driving technology at the forefront of its growth plans.

Recently, Melius Research analyst Rob Wertheimer took a bullish stance on Tesla, setting a price target of $525. This view was largely based on the fact that Tesla is extending its lead in autonomous driving technology over traditional automakers, who are falling behind in the autonomous driving race with little chance of catching up.

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