JP Morgan upgrades Tesla to neutral, target $475

JP Morgan raised Tesla's rating to neutral from underweight and tripled the price target to $475 from $145. New analyst Rajat Gupta cited Tesla's vertical integration in hardware and software as a key advantage. The bank argued that investors now anchor Tesla's value to autonomy and robotics, decoupling it from quarterly earnings. The upgrade ended a long-running bearish stance that had warned of a 65% loss.