Elon Musk Reveals Tesla's Optimus Sales Timeline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: Benzinga
- Optimus Sales Expectations: Musk indicated at Davos that Tesla could start selling its humanoid robot, Optimus, possibly next year, although technical challenges are still being addressed, which may boost investor confidence in Tesla's future prospects.
- Full Self-Driving Progress: Tesla aims to receive regulatory approval for its driver-supervised Full Self-Driving system in Europe as early as next month, with a similar timeline expected for China, providing crucial support for the company's global market expansion.
- Positive Market Reaction: Tesla's shares rose over 4% on Thursday, outpacing Nasdaq gains, reflecting cautious optimism in the market regarding Musk's comments, although short-term value rankings remain a concern.
- Earnings Report Schedule: Tesla is set to release its fourth-quarter earnings report and host a conference call on January 28, detailing financial performance for the quarter ending in December, which investors are closely monitoring to assess the company's long-term growth potential.
Analyst Views on RDDT
Wall Street analysts forecast RDDT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RDDT is 260.00 USD with a low forecast of 207.00 USD and a high forecast of 325.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
14 Buy
8 Hold
0 Sell
Moderate Buy
Current: 213.630
Low
207.00
Averages
260.00
High
325.00
Current: 213.630
Low
207.00
Averages
260.00
High
325.00
About RDDT
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
