Bank of America reiterated its Buy rating on Tesla, maintaining a price target of $460 and a positive outlook on the company. Tesla’s current price-to-earnings ratio stands at around 362x, reflecting strong investor expectations for future growth.

The firm emphasized that the Robotaxi opportunity is a key pillar supporting its bullish stance. Tesla is still in the early stages of commercializing its autonomous driving capabilities. Autonomous vehicles are expected to drive the next era of mobility and represent a fundamental shift toward “Auto 2.0.” For consumers, this technology promises greater convenience, improved safety, and significant time savings.

Tesla has now rolled out robotaxi services in both Houston and Dallas without human safety operators inside the vehicles. With these launches, Tesla is moving toward its goal of expanding into seven cities by mid-2026.

The next target markets include Phoenix, Miami, Orlando, Tampa, and Las Vegas, further scaling its autonomous ride-hailing network.

Tesla’s financial and operational developments continue to draw attention from major institutions. The company is expected to generate $21.2 billion in revenue for the first quarter, representing a 10% year-over-year increase.

Meanwhile, UBS has upgraded Tesla’s rating from Sell to Neutral, noting that the risk-reward profile is becoming more balanced, particularly as Tesla shifts toward artificial intelligence and robotics.

Market Interpretation：

Morgan Stanley also reiterated its Hold rating following the launch of robotaxi services in two new cities.

Separately, a confidential IPO filing revealed that Elon Musk purchased $1.4 billion worth of SpaceX shares from employees last year. These developments highlight the ongoing strategic and market activity surrounding both Tesla and SpaceX.

Overall, Tesla’s Robotaxi rollout underscores its transition from an electric vehicle manufacturer to an AI-driven mobility platform, with autonomous driving poised to become a key long-term growth driver.