Chris Katje, Benzinga Staff Writer October 7, 2024 1:07 PM | 3 min read Congress Is Making Huge Investments. Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool Stifel on Tesla: While most analysts and investors are looking at vehicles at Tesla's Robotaxi Day, Gengaro shared a key item that could be highlighted at the event. "We expect the company to unveil a concept car version of a Robotaxi. While this will likely be well-received, we believe incremental information on Full Self-Driving technology will be a critical element to the event," Gengaro said. The analyst said they are confident in Tesla's AI-based FSD technology and think the FSD details could be "an important part of the stock price reaction." Gengaro noted Tesla CEO Elon Musk said the event would be "one for the history book," which could imply that items such as AI, FSD and Robotaxi will all be highlighted. Tesla unveiling a lower-priced electric vehicle model at the event is another speculated item to watch, Gengaro added. "We believe details on vehicle specifications, price, and timing would be a plus and provide a positive catalyst for the shares." Gengaro also said that Optimus could make an appearance or be part of an update to investors at the event. The analyst's $265 price target is based on a sum-of-the-parts valuation with the core business worth $197 per share, FSD worth $57 per share and Robotaxis worth $11 per share. TSLA Price Action: Tesla stock is down 1.94% to $245.22 on Monday versus a 52-week trading range of $138.80 to $271. Tesla stock is down 2% year-to-date in 2024. Read Next: