Tesla Advances Robotaxi Service as Barclays Adjusts Price Target
Tesla's autonomous driving ambitions took a tangible step forward with the launch of fully driverless robotaxi operations in Austin. The removal of safety monitors positions the company alongside industry players like Waymo and Zoox, though deployment remains limited to 30-50 vehicles—far below Elon Musk's previously stated targets.
Barclays responded to the development with a modest price target increase to $360, maintaining an Equalweight rating. The adjustment reflects measured Optimism amid Tesla's ongoing challenges to scale autonomous technology and compete with better-funded rivals.
Musk's latest prediction of nationwide robotaxi deployment by 2026 echoes familiar patterns of ambitious timelines. The declaration at Davos contrasts with Tesla's current small-scale operation, highlighting the gap between vision and execution in the autonomous vehicle sector.
