On July 9, Tesla rose 3.03% in regular trading, trading at $406.4/share with turnover of $9.809 billion, rebounding sharply from the prior session's 3% decline as multiple bullish catalysts converged.
On the news front, UBS raised its price target on Tesla to $442 from $364, representing approximately 9% upside from the current level. The upgrade follows RBC Capital's recent target hike to $500 with an outperform rating, citing potential valuation uplift from a SpaceX combination through synergies in chip manufacturing, AI training, and fleet management. Morgan Stanley also maintains a $415 target, highlighting Robotaxi expansion into Miami and the U.S. launch of Model YL.
Additionally, Tesla disclosed that its third-generation Optimus humanoid robot has reached preliminary design finalization, with Musk setting clear mass production timelines for the supply chain. The broader U.S. market also provided tailwinds, with all three major indices opening higher on the session.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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