"The Tesla Big Short" attitude has reversed! Deutsche Bank unexpectedly turned bullish: optimistic about the growth potential of Robotaxi

According to the financial news app Zhitong Finance, Deutsche Bank, which has been bearish on Tesla's stock price trend for a long time, recently uncommonly released a research report on Tesla's stock price. The bank has upgraded Tesla (TSLA.US) to a "buy" rating and listed it as the top pick in the automotive industry, compared to its long-term "neutral" rating on Tesla. In addition, Deutsche Bank has resumed tracking Tesla's target price, giving Tesla a target price as high as $295, while Tesla closed at $216.27 on Monday.

Deutsche Bank stated that it views Tesla as a technology platform that is attempting to reshape multiple industries. Analyst Edison Yu stated that due to the potential of autonomous driving and humanoid robot businesses, the stock deserves a unique premium. In addition, the energy storage business is emphasized as undergoing a major inflection point in growth/profitability and is expected to generate $13 billion in sales by 2025.

"In the short term, car delivery volumes/profit margins have indeed declined, but we believe this is temporary as new models/updated products are about to be launched. In the long run, Tesla is emerging as a leader in autonomous driving (Robotaxi) and humanoid robot Optimus... They represent some of the clearest and most profitable applications of end-to-end artificial intelligence."

Overall, Wall Street analysts have a consensus rating of "hold" on Tesla. After a 2.63% increase in Tesla's stock price on Monday, it rose over 1% in pre-market trading on Tuesday.

Furthermore, in a few weeks, Tesla will release its third-quarter delivery report. This report will be released before Tesla's Robotaxi event on October 10th and the full third-quarter financial report later this month. Analysts generally expect Tesla to deliver 461,000 vehicles in the third quarter, compared to 444,000 vehicles delivered in the previous quarter and 435,000 vehicles delivered in the same period last year. Specifically, the market expects Model S/X deliveries to be 181,000 units, Model 3/Y to be 430,400 units, and Cybertruck to be 128,000 units. Looking ahead to the fourth quarter, analysts generally expect Tesla to deliver 494,000 vehicles.

As Musk expressed on social media platform X (formerly Twitter) at the time, he believes that the future of Tesla lies in Robotaxi based on fully autonomous driving and "Optimus humanoid robots." In July, he posted on the X platform: Once Tesla fully solves the problem of autonomous driving and achieves mass production of Optimus humanoid robots, anyone still holding a short interest in Tesla will be "eliminated," even Bill Gates will not be spared. Musk had previously shouted out seemingly crazy market value expectations at a Tesla shareholder meeting, predicting that with the combined power of autonomous driving technology and Optimus humanoid robots, Tesla's market value will exceed $30 trillion.

Cathie Wood, known as the "number one fan of Tesla" and a staunch supporter of Musk, believes that Tesla's market value could exceed $8 trillion. Ark Investment Management, founded and led by "Wood Sister," recently updated its target price for Tesla, with Ark estimating that Tesla's stock price could reach $2,600 by 2029 The main logic behind Ark's bullish view on Tesla is that by 2029, nearly 90% of Tesla's market value and profits are expected to be attributed to the Robotaxi autonomous taxi network built on the incredibly powerful AI supercomputing platform