Tesla Stock Just Got a Major Boost—TD Cowen Calls It a ’Buy’ After Stunning Robotaxi Reveal
Elon’s latest moonshot just lit a fire under Tesla bulls.
TD Cowen upgraded TSLA to 'Buy' after the company’s robotaxi debut left analysts scrambling to revise price targets. The rollout wasn’t just smooth—it was borderline theatrical, complete with the kind of specs that make legacy automakers sweat.
Why the Street’s Buzzing
No fluff, no filler: Tesla’s autonomy play just shifted from 'promise' to 'proof.' The hardware demo alone crushed skepticism about timelines—though we’ll believe the revenue projections when they hit the balance sheet.
The Cynic’s Corner
Let’s see if the 'production hell' tweets start rolling in by Q3. Until then, enjoy the hype cycle—Wall Street’s favorite renewable resource.
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For context, Tesla officially launched its robotaxi service in Austin on Sunday with around 10 vehicles, each monitored by human supervisors as regulatory scrutiny over its self-driving technology persists. Since the launch, TSLA stock has climbed more than 5%.
Here’s Why TD Cowen is Bullish on TSLA
TD Cowen described Tesla’s first day of robotaxi operations as a success, noting that certain aspects exceeded expectations, particularly in terms of the service area and pickup/drop-off precision.
Meanwhile, Michaeli pointed out that Tesla’s initial operating zone in Austin was larger than anticipated, though still smaller than Alphabet’s (GOOGL) Waymo’s current coverage. He also highlighted Tesla’s user interface as being notably polished for such an early-stage ride-hailing rollout.
The investment firm was especially impressed by the vehicle’s ability to accurately pick up and drop off passengers, even within parking lots. This is often difficult for autonomous systems in their early phases. Importantly, TD Cowen pointed out that no major safety or performance issues were observed, further supporting its bullish outlook on Tesla’s self-driving ambitions.
Is Tesla a Buy, Hold, or Sell?
Tesla’s robotaxi launch marks a significant milestone in its shift from electric vehicles to AI-driven mobility. The rollout has the potential to unlock substantial new revenue streams and redefine the company’s long-term growth trajectory. However, regulatory and execution risks remain high, making the next few weeks pivotal. At the same time, analyst sentiment on TSLA stock remains divided.
According to TipRanks, TSLA stock has received a Hold consensus rating, with 14 Buys, 12 Holds, and nine Sells assigned in the last three months. The average Tesla stock price target is $287, suggesting a potential downside of nearly 16% from the current level.
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