Bank of America experts predict a 35% rise in Tesla shares after the first quarter report. Moreover, the bank upgraded the rating of the company's shares to «recommended for purchase», describing a plan that could help increase the value of the electric car manufacturer's shares. To achieve Tesla's growth, positive incentives are needed, which, according to Bank of America, are already beginning to manifest themselves. In its report on Wednesday, Tesla reported earnings for the quarter that were below expectations, but the company plans to accelerate the release of cheaper electric cars, despite concerns that this could distract it from the development of robotaxis. Bank of America strategists have identified four crucial stages that, in their opinion, can contribute to the expansion of Tesla: Launching new models earlier and more efficiently than expected. Presentation of the robotaxi model and the next generation platform on August 8. Cost savings when achieving a target sales volume of more than $1 billion by separating production operations. Potential licensing of the fully autonomous driving feature by the end of the year.
