Tesla (TSLA) Stock: Barclays Reiterates Equal Weight, Cites Robotaxi Permit Delays

Tesla, Inc. (NASDAQ:TSLA) is one the AI Stocks Analysts Are Watching Closely. On August 18, Barclays reiterated the stock as “Equal Weight” stating that it sees a “lengthy” permitting process for Tesla’s robotaxi.

“The process for ‘real’ autonomous Robotaxi in CA will likely be lengthy, as Tesla must apply for and receive a number of permits prior to offering paid, driverless services; moreover, media reports indicate that Tesla’s engagement with California regulators has been more limited than people realize, with Tesla Robotaxi pitched for now in a more limited way than people understand.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $329 implies a 1.8% upside; however, the Street-high target of $500 implies an upside of 49.2%.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

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Disclosure: None.