Target Stock Is $500; Tesla News Summary
- Piper Sandler Raises Tesla Price Target To $500
Piper Sandler raised its price target on Tesla Inc ($TSLA) to $500 from $315. This is the first time it has included fully autonomous driving (FSD) in its valuation, and $TSLA remains a top “buy and hold” recommendation. Piper said Tesla’s AI potential and new opportunities, including Optimus robots and NeuralNet training services, will drive future value. - 10,000 Tesla Vehicles New Insurance In China Last Week
10,000 new Tesla vehicles were insured in China over the last week, an indicator that Tesla demand in the country remains strong. - Starlink offers in Africa for less than half the internet fee
Starlink is getting cheaper in some African countries, such as Kenya and Zimbabwe, offering services at less than half the cost of an existing internet service provider. This is expected to significantly improve internet access in Africa. - Aircraft Manufacturer ATR To Introduce Starlink Internet
ATR, a global aircraft manufacturer, announced its plans to introduce SpaceX’s Starlink Internet after it was successfully tested on its 72-600 aircraft. This is likely to provide better connectivity for air passengers. - Volvo Announces Price of Electric Vehicle EX30 Launched in U.S
Volvo has announced the price of its fully electric EX30 to be launched in the U.S. this year.
- Starting price: $44,900
- Distance: Up to 253 miles (based on EPA)
- 0-60mph acceleration: 3.4 seconds based on maximum trim
- Battery capacity: 69 kWh
- Output: Up to 422 horsepower, AWD
- Display: 12.3 inches
- Recycled materials: Approximately 25% external and 30% internal use
- Maximum charging speed: 153 kW
- Length: 166 inches (18 inches shorter than Model 3)
- Manufacturing: Belgium