Rob Wertheimer, an analyst at Melius Research, has initiated coverage on Tesla with a buy rating and a target price of $520, calling the stock a "must own." He believes Tesla has significant potential to disrupt the auto industry, particularly through advancements in self-driving car technology, which he views as a major application of artificial intelligence.
Despite his bullish outlook, Wertheimer acknowledges that pinpointing a precise valuation for Tesla, which has a market capitalization in the trillions, is difficult. He suggests t... download the app to read more
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