TD Cowen praises Tesla's robotaxi launch in Austin, reaffirms Buy rating and $330 price target.

From Yahoo Finance: 2025-06-29 12:53:00

Tesla, Inc. (NASDAQ:TSLA) receives high praise from TD Cowen for its robotaxi service launch in Austin on June 22. The company’s operational design and pickup/drop-off capabilities exceeded expectations, with no safety or vehicle performance issues reported. TD Cowen reaffirmed its Buy rating and $330 price target for TSLA.

TD Cowen noted the well-designed user interface and larger-than-anticipated operational area in Austin for Tesla’s robotaxi service launch. Despite being smaller than rival Waymo’s service area, the initial day of operations was described as “pretty impressive” with no significant difficulties reported.

Based in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) is a prominent clean energy company known for its electric vehicles, solar panels, shingles, and energy storage devices. While TSLA is recognized as a solid investment, certain AI stocks may offer greater upside potential and lower downside risk, according to analysts.

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Read more: TD Cowen Reaffirms Buy on Tesla After Impressive Austin Robotaxi Launch