Tesla (TSLA) Gets Analyst Support as Robotaxi Vision Moves Toward Bay Area Launch
'Tesla's robotaxi service is currently still very small scale, having accumulated only +7k miles since the launch on June 22nd with 10-20 vehicles in the fleet. Management did not provide a lot of clarity regarding the pace of expansion although Elon Musk indicated the goal of technically being able to cover half the US population by year-end.'
In other news, Cantor Fitzgerald analyst Andres Sheppard reiterated an 'Overweight' rating on the same day with a $355.00 price target. The firm anticipates robotaxi expansion into the Bay Area in the third quarter. It believes this will be followed by Arizona, Nevada, and possibly Florida in the fourth quarter of 2025 or 2026.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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