The bank's new analyst shifted focus to Tesla's robotics and autonomous driving potential, away from its slowing EV business

The investment bank noted Friday that Tesla's market worth is increasingly driven by its ambitious push into autonomous driving and robotics, rather than near-term earnings

Tesla bear JPMorgan revised its view on Elon Musk's electric vehicle company. The stock is down about 4% this week.

The bank's new analyst shifted focus to Tesla's robotics and autonomous driving potential, away from its slowing EV business

JPMorgan upgrades Tesla from Underweight to Neutral with a $475 price target, ending eight years of bearish coverage as a new analyst shifts focus to AI and

J.P. Morgan upgraded Tesla from Underweight to Neutral with a $475 price target, citing robotics and AI potential over traditional EV sales growth.

J.P. Morgan upgraded Tesla from Underweight to Neutral, raising its price target 227.6% to $475 and projecting revenue could double to $203 billion by 2030.