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JPMorgan upgrades Tesla's rating to "Neutral," optimistic about its AI and hardware integration capabilities
BlockBeats News, June 5 — JPMorgan upgraded Tesla's rating from "Underweight" to "Neutral," stating that the stock's value is increasingly linked to autonomous driving, robotics, artificial intelligence, and software, rather than short-term electric vehicle profits.
The bank raised its target price from $145 to $475, citing Tesla's strong hardware-software integration and long-term growth potential. However, it warned that regulatory, safety, and execution risks remain significant.