Investing.com -- Deutsche Bank analysts are bullish on Tesla (NASDAQ:TSLA), seeing it as a company poised to revolutionize multiple industries, particularly through its advancements in autonomous driving and humanoid robotics.
In a note to clients on Tuesday, the bank maintained a Buy rating on Tesla, with a price target of $295, citing the company's long-term potential in emerging technologies such as robotaxis and Optimus, its humanoid robot.
"At the core, we do not see Tesla as an automaker but rather a technology platform attempting to reshape multiple industries, deserving of a unique type of valuation framework," says Deutsche Bank.
"Tesla structurally already has a big lead in BEVs [battery electric vehicles], especially as it relates to scale/cost and commands outsized brand value globally," the analysts add.
While Tesla's automotive margins and deliveries have softened recently, Deutsche Bank sees this as a temporary issue, with new models and updates on the horizon.
The bank says Tesla's upcoming "Robotaxi Day" on October 10 is a key focus, where the company is expected to reveal its highly anticipated robotaxi vehicle, which may be called "Cybercab," designed without a steering wheel or pedals.
According to Deutsche Bank, this event could also introduce a new, more affordable model based on the next-gen platform, potentially aimed at expanding Tesla's market reach.
Beyond autonomous driving, Tesla's humanoid robot Optimus is seen as another major growth opportunity. Deutsche Bank views these developments as clear and lucrative applications of Tesla's end-to-end AI technology.
The bank believes the company's energy storage business is also set for significant growth, with sales expected to surpass $13 billion by 2025.
Despite current challenges in the BEV market, Deutsche Bank forecasts that Tesla will return to volume growth in 2025, with deliveries expected to increase by 11% year-over-year, driven by new models, refreshed designs, and expanded production.