Tesla Investor Day pushes price goal higher for one firm

Tesla Investor Day is just over per week away, and the automaker’s potential developments have already influenced one firm to push its price goal higher.

Deutsche Bank’s Emmanuel Rosner increased his price goal on Tesla stock (NASDAQ: TSLA) to $250, up from $220, based on Investor Day’s already-known details, especially the automaker’s reveal of the third rendition of the Master Plan.

Rosner said in a note to investors that he expects Tesla’s Master Plan Part 3 to assist drive the automaker’s plans for a long-term growth strategy. Tesla has increased sales yearly, with its most up-to-date performance of 1.313 million cars delivered last 12 months being its best performance to this point. CEO Elon Musk said recently that Tesla could deliver two million cars in 2023, although most analysts have slotted out roughly 1.7 million units as their outlook.

Nonetheless, the Master Plan Part 3 may even be backed by several other things on the event, Rosner said he expects. Together with that, Tesla could bring forth more details regarding the upcoming next-generation vehicle platform, which looks to herald a wider customer base through cheaper options.

Together with more macro-based developments for Tesla, Rosner expects more updates on the Full Self-Driving v11 software, Hardware 4 developments, updates on Cybertruck, Semi, and Model 3 Highland production, in addition to more details on the ramp-up of Tesla’s Energy business, which flies under the radar.

ALSO READ: Tesla Investor Day is essential to further stock growth, Morgan Stanley says

“All in, we consider that increased clarity across the long-term trajectory for Tesla’s global operations, volume growth, and particularly scale and price of Tesla’s next-generation models, could reinforce the bull case for the stock,” Rosner said within the note.

Tesla Investor Day was described by Elon Musk as something far greater than those that have put their money into supporting the corporate. “By this, we mean the broadest definition of investor, as within the people & lifetime of Earth,” he said.

Tesla already stated that its next-gen vehicle platform is under development, but there may be greater than meets the attention with most of the company’s plans, especially because it is historically cryptic with what it puts on the market prior to those events.

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