Bank of America maintains a Buy rating on TSLA as robotaxi expansion and stronger-than-expected vehicle deliveries drive investor focus.
Tesla Inc (NASDAQ:TSLA) enters second-quarter earnings season with its robotaxi service leading investor discussions. The company reported Q2 deliveries of approximately 480,000 vehicles, surpassing consensus estimates of 406,000 and marking a 25% year-over-year increase.
Bank of America reiterated its Buy rating and $460 price target, citing rapid robotaxi expansion and production milestones for Tesla’s Optimus humanoid robot. Tesla now operates in five markets, with Miami added on July 3, and plans four more launches. Its Texas fleet grew by over 100 vehicles in a month, reaching 175, the fastest growth among tracked operators.
Safety data remains strong, with 22 incidents recorded since inception and no serious injuries. A June pricing study found Tesla’s robotaxi service 21% cheaper than competitors, though wait times were significantly longer, indicating high demand.