Tesla (TSLA): TD Cowen Reiterates Buy, Sets $509 Price Target After RoboTaxi Tests

The steadfast recounted investigating 3 Tesla RoboTaxi rides successful Austin, covering an estimated 40 miles astatine $1.08/mile. Overall, analysts recovered the rides to beryllium awesome “all around,” with the autonomous systems handling analyzable scenarios effectively.

Noting this progress, TD Cowen believes that Tesla is good connected way to region information monitors successful Austin by year-end.

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“We had an accidental to instrumentality 3 Tesla RoboTaxi rides successful Austin past week, covering astir 40 miles implicit ~2hrs astatine a $1.08 price/mile. Rides were awesome each around, with 2 notably analyzable scenarios (emergency vehicles & operation site) handled precise well. Does Tesla look to beryllium connected way to statesman removing Austin information monitors by year-end? We deliberation so. Maintain Buy, $509 target.”

Tesla, Inc. (NASDAQ:TSLA) is an automotive and cleanable vigor institution that leverages precocious artificial quality successful its autonomous driving exertion and robotics initiatives.

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