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

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.