Benchmark analysts initiated Tesla coverage with a Buy rating and a $475 price target, citing growth in autonomous vehicles, robotics, and energy solutions alongside its expanding EV market.
The Robotaxi service, set for a June 2025 launch in Austin, is seen as pivotal, with Benchmark envisioning a self-sustaining, self-driving car fleet model.
Tesla’s humanoid robot, Optimus, is another growth driver, with management projecting over $10 trillion in potential long-term value. Limited internal production begins in 2025, followed by 10,000 units by year-end and a rapid production scale in 2026.
Despite regulatory and competitive challenges, Tesla’s innovations and strong $36.5 billion balance sheet are expected to drive growth.
