Jul. 6 at 4:36 PM
$TSLA TESLA ROBOTAXI EXPANSION GAINS MOMENTUM
Morgan Stanley reiterated its Equalweight rating and
$415 price target after Tesla launched its Robotaxi service in Miami, including unsupervised vehicles.
The bank expects Robotaxi launches in Phoenix, Orlando, Tampa and Las Vegas by year-end, with possible expansion into New Orleans.
Morgan Stanley also expects an update on Cybercab production at Giga Texas and forecasts Tesla's Robotaxi fleet will grow to 1,500 vehicles by the end of 2026 and 30,000 by 2030.
The bank said investors will remain focused on fleet expansion and safety data as key indicators of Tesla's autonomous driving progress.