Tesla TSLA may already have most of the value of its electric-vehicle and energy businesses reflected in the share price, while its humanoid robot, autonomous ride-hailing and artificial-intelligence units still offer extra upside, according to a report citing Piper Sandler analyst Alexander Potter.
Tesla kept its $500 price target, even as Potter flagged execution risk in the near term. The stock was last trading near $430.06 and had risen more than 11% over the past week, helped by renewed investor interest in Tesla’s AI and self-driving plans.
Potter said Tesla’s core EV and energy operations are worth about $400 a share on their own, with the remaining value in his target tied mainly to Optimus, robotaxis and AI-related services. Tesla’s valuation model now breaks out 17 businesses, including insurance and Supercharging.
Tesla could see its robotics and inference-as-a-service efforts grow into a larger profit engine over time, although large-scale production has not yet been shown. CEO Elon Musk has recently pointed to broader deployment plans for Optimus, and Tesla’s next steps may shape whether the bullish case holds up.