Overview
- Bank of America reinstated coverage of Tesla on March 4 with a Buy rating and a $460 price target, emphasizing autonomy over near‑term delivery metrics.
- Analyst Alexander Perry argues Tesla’s camera‑only approach, powered by data from its consumer fleet, could scale more profitably than multi‑sensor rivals.
- The research note points to Tesla gearing up to launch robotaxi service in seven new markets in the first half of 2026, as reported by CNBC via Yahoo Finance.
- The call reframes Tesla as a hybrid automaker‑AI platform focused on software, robotics, and robotaxis, following paid robotaxi operations that began in Austin in 2025.
- Wall Street remains split, with a consensus Hold and an average target near $408, while Barclays kept an Equal‑Weight at $360 the same day Bank of America turned bullish.