Wall Street predicts Tesla stock price for next 12 months
The post Wall Street predicts Tesla stock price for next 12 months appeared on BitcoinEthereumNews.com. In contrast to most other recent Wall Street analyst notes, RBC Capital’s Tom Narayan upgraded his outlook for Elon Musk’s electric vehicle (EV) company, Tesla (NASDAQ: TSLA), on July 7. Specifically, the institutional expert assigned a ‘Buy’ rating for TSLA stock while increasing his 12-month price prediction from $475 to $500. Notably, while the analyst estimated that the ‘Robotaxi’ represents a robust opportunity with a $4.2 trillion total addressable market, it would appear much of the lift can be attributed to a potential SpaceX (NASDAQ: SPCX) acquisition scenario. Elon Musk has been implementing something of a company rollup as part of which his artificial intelligence (AI) company, xAI, acquired his social media firm, X, before itself getting bought by SpaceX ahead of the record-breaking initial public offering (IPO). The process, started in earnest early in 2025, led some ob