Piper Sandler reaffirmed a $400 price target and overweight rating on Tesla following its Q1 earnings call, according to Benzinga. The investment bank noted the after-hours stock uptick aligned with its prediction of a “non-event” quarter. Piper Sandler said Tesla did not attempt to manage expectations by revealing plans for robotaxis and lower-cost models. The firm highlighted the upcoming June Robotaxi launch as a potential catalyst for investors. Musk reaffirmed his commitment to Tesla and plans to reduce his involvement with the Trump administration, fueling investor optimism. Tesla also announced a new affordable model based on its existing vehicle lineup.
