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

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.