<ul><li>Analyst John Murphy of Bank of America raised his price target on Tesla (TSLA) to $400 from $350 after visiting the Giga Texas factory.</li><li>The visit increased Murphy's confidence in Tesla's potential for growth in the coming years with its core EV business, robotaxi offering, and investments in Optimus.</li><li>Tesla has various projects in the works, including Robotaxi, a strong energy business, Optimus humanoid robot, and plans to release a low-cost EV in H1 2025.</li><li>Murphy was impressed by Tesla's Full Self-Driving capability during his ride in Cybertruck and Model Y, noting the adaptation to abnormal road conditions and difficult traffic patterns.</li></ul>

How Tesla Giga Texas inspired one analyst to move his price target up

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