Overview

• Tesla plans to debut its autonomous robotaxi service in Austin, Texas, in June 2025, marking a key milestone in its shift toward AI and autonomy.
• Wedbush analyst Daniel Ives raised Tesla's price target to $500, citing the robotaxi launch as a catalyst for the 'golden age of autonomy.'
• Tesla's AI and autonomous technology initiatives are estimated to represent a $1 trillion opportunity, with potential global licensing of its tech in the future.
• The company’s stock has risen significantly over the past month, driven by investor optimism surrounding the robotaxi rollout.
• While the robotaxis will feature tele-operators and won’t be fully autonomous, analysts remain bullish on Tesla's long-term growth prospects.