According to Sawyer Merritt, TD Cowen analyst Itay Michaeli reaffirmed a Buy rating and a $509 price target for Tesla after personally experiencing Tesla's robotaxi service in Austin, Texas. The analyst highlighted that the autonomous driving system demonstrated advanced AI capabilities by effectively navigating two complex real-world scenarios, underscoring Tesla's leadership in AI-powered self-driving technology. This positive assessment signals growing business opportunities for fully autonomous ride-hailing services and strengthens Tesla's competitive position in the AI mobility market (source: Sawyer Merritt on Twitter).