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Nov 17, 2025 4:00 PM

Tesla Stock Gains As Stifel Boosts Price Target to $508, Reaffirms Buy Rating

Tesla Inc (NASDAQ:TSLA) shares are trading higher on Monday after Stifel maintained a Buy rating and raised its price target on the stock from $483 to $508.

TSLA is trading at elevated levels. See the market dynamics here.

What Happened: Stifel analyst Stephen Gengaro raised his price target, pointing to advancements in Robotaxi and full self-driving (FSD) technology, both of which the firm considers essential to value creation.

Gengaro emphasized Robotaxi’s ongoing development in Austin and the Bay Area, pointing out that management intends to reach about eight to 10 major cities by the end of 2025 without any safety drivers. Plans for robotaxis in select areas of Austin are expected to be put into action by the end of 2025, with further expansion into Nevada, Florida and Arizona.

FSD version 14 appears to be performing well, with management indicating plans to add “reasoning capabilities” and versions 14.3 ...