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ETF abnormal | South Long Tesla (07766) rises more than 5% US investment bank says Tesla's robot business value is not fully reflected.
The southern region increased its long position in Tesla (07766) by over 5%, as of the time of drafting, it rose by 5.43% to HK$140.85, with a turnover of HK$7.8592 million.
In the south, Tesla (07766) doubled its long position and rose by more than 5%, reaching a 5.43% increase, reporting at HKD 140.85 with a trading volume of 7.8592 million HKD. On the news front, top investment bank Piper Sandler on Wall Street is bullish on Tesla stock, believing that the stock has yet to fully reflect the future value of the humanoid robot Optimus business. Analyst Alexander Potter of the institution has constructed a comprehensive framework covering 17 different product lines of Tesla, and he believes that the current core business of Tesla, including electric vehicles, energy storage, Full Self-Driving (FSD) software, in-house insurance, supercharger network, and independent self-driving taxi business, is valued at approximately $400 to $420 per share. Piper Sandler maintains a "hold" rating on Tesla stock with a target price of $500.
ETF anomaly | South doubles long Nvidia (07788) up more than 3% Wedbush predicts Nvidia's first-quarter earnings will become a catalyst for the upside of tech stocks.
ETF abnormal movement | E Fund Gold Mining ETF (02824) rose more than 3% Last night, the precious metals market rebounded, with spot gold back above $4700.
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