12 Stocks That Could Split in the Near Future

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3. Tesla Inc. (NASDAQ:TSLA)

Share Price as of January 19: $426.50

Surge in Share Price in 5 Years: 1153.31%

Stock Split Confirmed: No

Number of Hedge Fund Holders: 99

Tesla Inc. (NASDAQ:TSLA) is a technology company that manufactures electric vehicles, energy storage systems, and solar panels. Some of its well-known electric cars include the Model 3, Model Y, Model S, Model X, and the Cyber Truck. Investor optimism in the company is growing due to advancements in AI, particularly in autonomous driving and robotics.

On January 16, Goldman Sachs maintained its Neutral rating and $345 price target on the company, noting its $1.37 trillion market cap. The firm is optimistic about Full Self-Driving (FSD) but cautioned that progress will take time. It revised its forecast to include FSD and robotaxi revenue, with robotaxi expected to generate $115 million in 2027 but have a neutral impact on earnings initially. The firm expects growing FSD monetization and improved gross margins by 2026-2027.

The company has made strides in autonomous technology by achieving a 1000x improvement in miles driven without human intervention for its Full Self-Driving (FSD) software since January 2024. Additionally, it demonstrated 20 Cybercabs operating autonomously without any human input. Investor interest has also surged around Tesla Inc.’s (NASDAQ:TSLA) robotaxi, which is a fully autonomous vehicle designed for a ride-hailing service. It is scheduled for launch in mid-2025.

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