Overview
- Telsa was upgraded to Buy with a $460 price target as BofA reframed the company from automaker to consumer‑autonomy platform.
- Robotaxis are assigned roughly 52% of Tesla’s valuation in BofA’s sum‑of‑the‑parts model, with Optimus valued at over $30 billion and Energy at $90 billion.
- Tesla’s robotaxi service is operating under human oversight in Austin and the Bay Area, with BofA expecting expansion to additional U.S. cities in the first half of 2026.
- Tesla reports more than 8.4 billion cumulative miles from its FSD Supervised fleet, a data scale BofA cites as a competitive moat.
- Shares rose about 2–3% on the note but remain down year‑to‑date, analyst ratings stay mixed, and legal risk persists after a judge upheld a $243 million Autopilot verdict.