According to foreign media reports, venture capital firm Benchmark recently reiterated its “buy” rating on Tesla and raised the company’s target stock price from $350 to $475 per share. Benchmark believes that Tesla’s initial deployment of the Robotaxi service shows the company’s future growth potential.
Robotaxi； Image credit: Tesla
Benchmark analyst Mickey Legg praised the “controllability and safety-first” strategy of Robotaxi’s trial run, noting that it will help Tesla gain the trust of regulators and the public.
Mickey Legg reiterated Benchmark’s confidence in Tesla’s pure vision autonomous driving solution. “We firmly believe that Tesla’s camera-centric technology path is not only cost-effective but also highly scalable,” he noted. ”
Meanwhile, Mickey Legg contrasted Tesla’s clean architecture with the high-cost hardware stack employed by competitors like Waymo. According to Investing.com report, Waymo’s reliance on various precision sensors has led to a significant increase in costs, so the price of Waymo’s self-driving vehicles is much higher than that of Tesla’s Model Y Robotaxi.
Mickey Legg also mentioned the new regulations that will take effect in September this year, believing that this will lay the foundation for other cities to establish regulatory frameworks conducive to autonomous driving services. “Texas will implement new autonomous driving regulations on September 1, and we believe this move will further gain public trust and pave the way for expansion into more cities,” he noted. ”
In addition to Robotaxi, Mickey Legg also believes that Tesla is following theElectric vehicleManufacturers expand into a wider field. He pointed out that Tesla’s humanoid robot Optimus will be the driving force for the company’s long-term growth along with new model projects and other future plans.
Mickey Legg said: “We believe Tesla is transforming from a pioneering automaker to a high-tech automation and robotics company, its homeCapacityThe scale is unmatched in the United States. ”
Benchmark pointed out that Tesla’s stock price has rebounded more than 50% from its low in April this year, partly due to easing tariff concerns and the increasing momentum of autonomous driving technology. With the official launch of the self-driving taxi business, Benchmark revised Tesla’s target stock price to $475 per share and reiterated Tesla’s preferred stock for 2025.
