Wall Street Analysts Clash over Tesla Stock (TSLA) as Robotaxi Launch Nears

Tesla’s (TSLA) much-anticipated Robotaxi launch is stirring debate among even its most loyal Wall Street supporters. While some analysts remain optimistic about the long-term potential of autonomous ride-hailing, others are urging caution, citing regulatory hurdles, technological readiness, and unclear timelines. The mixed sentiment underscores growing investor uncertainty as the company prepares for a major unveiling.

Morgan Stanley Urges Caution Ahead of Robotaxi Launch

Morgan Stanley four-star-rated analyst Adam Jonas is striking a cautious tone ahead of Tesla’s upcoming Robotaxi unveiling, urging investors not to get swept up in the hype just yet.

Jonas added that as with many of Tesla’s much-hyped announcements, it’s wise to approach the reported June 12 Cybercab launch with measured expectations. While acknowledging the excitement surrounding the potential launch, he emphasized the importance of further clarity from Tesla before investors make any bold assumptions. That’s because he believes meaningful updates may come after the event, including details around vehicle deployment, network performance, and usage metrics such as number of rides, miles logged, and growth indicators.

Overall, Jonas remains bullish on TSLA stock with a price target of $410.

Wedbush Sees Bright Autonomous Future for Tesla

On the other hand, long-time Tesla bull Dan Ives of Wedbush sees the launch of the Robotaxi platform as a major turning point for the EV maker. He believes the initiative could unlock more than $1 trillion in value for Tesla, positioning the company at the forefront of the “golden age of autonomous growth.” He also points to potential support from a future Trump administration to fast-track key regulatory approvals critical to scaling autonomous technology.

Ives has revised his Tesla price target multiple times this year along with his Buy rating. His target has swung from $550 to $315, then to $350, and most recently back up to $500.

Are Tesla Shares a Good Buy?

On Wall Street, analysts have maintained a neutral stance on Tesla stock. According to TipRanks, TSLA stock has received a Hold consensus rating, with 16 Buys, 10 Holds, and 11 Sells assigned in the last three months. The average Tesla stock price target is $282.7, suggesting a potential downside of 18.4% from the current level.

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