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.

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.