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Tesla (TSLA) Stock Rises on BofA Upgrade Citing Autonomous Leadership

Tesla (TSLA) Stock Rises on BofA Upgrade Citing Autonomous Leadership

Author:

Global Cryptocurrency

Published:

2026-03-04 13:55:02

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BTCCSquare news:

Tesla shares gained 2% to $400.27 after Bank of America reinstated coverage with a Buy rating and $460 price target. The upgrade follows a 13% year-to-date decline, with BofA highlighting Tesla's position as "the current leader in consumer autonomy."

The firm values Tesla's Optimus humanoid robotics at $30B+ and Energy division at $90B, while noting only 44% of analysts currently rate TSLA a Buy. Tesla's Full Self-Driving subscription ($99/month) forms the foundation for its planned robo-taxi expansion, with Austin service launched in June and 9-city rollout expected by 2026.

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