Overview
- Stifel’s Stephen Gengaro lifted the price target to $508 and kept a Buy rating, citing progress in FSD and the paid robotaxi rollout while increasing 2025–2026 EBITDA estimates.
- Tesla’s paid robotaxi service operates in Austin and the Bay Area with safety drivers, with management targeting coverage in roughly 8–10 metro areas by year-end and aiming to remove safety drivers in Austin by year-end.
- FSD Version 14 (supervised) has rolled out, and planned updates are expected to add reasoning capabilities as the system’s decision-making improves.
- Tesla introduced lower-priced “standard” Model 3 and Model Y trims after the U.S. EV tax credit expired, yet early inventory listings signal ongoing demand questions.
- TD Cowen reaffirmed a Buy with a $509 target after testing FSD V14 and touring Giga Texas, estimating Cybercab costs near $0.30 per mile and noting Tesla plans to begin production in April 2026.