"Tesla ( NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company's growing lead in self-driving and autonomy. On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla's lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors."
"The note shows that the company's prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla's Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors' approach, which utilizes other technology, such as LiDAR and sensors."
Pierre Ferragu of New Street Research raised his TSLA price target from $520 to $600 based on a perceived growing lead in self-driving and autonomy. Consensus from the Consumer Electronics Show in Las Vegas indicated Tesla's autonomy lead is sustained, expanding, and stands at a multiple-year advantage over competitors. Industry signals were characterized as validating Tesla's strategy while competitors trail by roughly 12 years. Tesla's Vision-based approach, adopted in 2022 for the Model 3 and Model Y, is described as more effective than rivals' LiDAR- and sensor-reliant methods. Tesla shares traded around $433, and other analysts remain bullish, citing AI, Cybercab production, and Robotaxi expansion as catalysts for 2026.
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