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).

According to Sawyer Merritt, Tesla has expanded its Robotaxi service area in Austin, Texas for the first time in two months. This move highlights Tesla's ongoing investment in AI-driven autonomous vehicle technology and its commitment to scaling real-world applications of self-driving cars. The expansion is expected to increase data collection for Tesla's Full Self-Driving (FSD) AI models, accelerate urban adoption of autonomous mobility solutions, and create new business opportunities in ride-hailing and smart city integration. As more cities consider AI-powered transportation, Tesla's Robotaxi rollout provides a concrete example of how artificial intelligence is reshaping urban mobility and opening new revenue streams for the automotive and tech industries (Source: Sawyer Merritt on Twitter).