BofA Initiates Buy on Tesla (TSLA) as Robotaxi Operations Expand Across Multiple Markets

3 weeks ago 10

Sheryar Siddiq

Tue, March 17, 2026 astatine 7:07 AM CDT 1 min read

Tesla Inc. (NASDAQ:TSLA) ranks among the best maturation stocks to bargain and clasp for the agelong term. On March 4, BofA Securities began sum of Tesla Inc. (NASDAQ:TSLA) with a Buy standing and a $460 terms target. According to the firm, Tesla Inc. (NASDAQ:TSLA) is “at the forefront of autonomous driving,” acknowledgment to a camera-only method that is “technically harder but overmuch cheaper” compared to the multi-sensor systems commonly utilized successful the sector.

Asif Islam / Shutterstock.com

BofA stated that robotaxis are presently operational successful San Francisco and Austin, with 7 different markets planned successful the archetypal fractional of 2026. The steadfast claims that robotaxis relationship for astir 52% of Tesla’s worth.

Moreover, the steadfast valued Tesla’s Optimus humanoid part astatine much than $30 billion, accounting for 2% of the company’s $1.47 trillion marketplace capitalization. BofA states that the humanoid robot has the capableness to regenerate immoderate of the astir 13 cardinal manufacturing positions successful the United States, with eventual adoption successful households.

Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs, and vigor procreation and retention systems successful the US, China, and internationally done 2 segments: Automotive and Energy Generation & Storage.

While we admit the imaginable of TSLA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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