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Tesla's All-Hands Meeting Potentially Key Turning Point Amid Protests, Wedbush Says
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Tesla's All-Hands Meeting Potentially Key Turning Point Amid Protests, Wedbush Says
Mar 21, 2025 6:02 AM

08:39 AM EDT, 03/21/2025 (MT Newswires) -- Tesla (TSLA) held an all-hands meeting detailing key projections on Thursday night, which can be a turning point for the company's outlook amid rising protests, analysts from Wedbush said in a Friday note.

Tesla chief Elon Musk discussed that the company has built its first Optimus robot, with a higher volume production expected in 2026. He also hinted at the mass production of the Tesla Cybercab by next year, adding that the Tesla Semi truck factory remains on track for completion in 2025.

The brokerage said it does not want Musk to give up his role at the US Department of Government Efficiency but expects him to find a balance between DOGE and Tesla by prioritizing the EV maker more in the coming months.

Wedbush expects softer deliveries in the near term mostly built into the stock at current levels, but sees accelerated growth over the coming years if Musk executes the vision outlined for the company.

The analysts said in the report that "brand is key to Tesla, and its very important to make sure the current brand crisis does not morph into a permanent black eye for the Tesla brand."

Wedbush reiterated its outperform rating on Tesla and maintained its 12-month stock price target of $550 per share.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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