According to Sawyer Merritt, Daiwa Capital Markets has increased its TSLA price target from $300 to $420, highlighting the accelerated electric vehicle (EV) ramp-up and the potential of Tesla's autonomous technology as major growth drivers. This move underscores the growing confidence in AI-powered autonomous driving systems and their transformative impact on the automotive industry. For AI businesses, this signals significant opportunities in advanced driver-assistance systems, machine learning for vehicle navigation, and scalable autonomous fleet solutions. The announcement reflects a broader market trend where AI integration in EVs is expected to create new business models and revenue streams in transportation and smart mobility sectors (source: Sawyer Merritt on Twitter, Oct 27, 2025).