Tesla shares: Bank of America resumes valuation – with optimistic price target

• Bank of America is again targeting the US electric car manufacturer Tesla and gives an optimistic price target
• Autonomous driving and robotics support Tesla’s long-term growth forecast and offer great potential
• FSD, Optimus and the energy division are considered key growth drivers

As Investing reports, citing a note from Bank of America dated March 4, 2026, it has resumed its coverage of Tesla – and immediately assigned a buy rating and a price target of $460. Analyst Alexander Perry emphasized in the note that Tesla has the potential to dominate the market for robotaxis and autonomous mobility.

What does Tesla stock currently look like?

Tesla shares are currently trading at $395.01 (closing price on March 12, 2026). With a price target of $460 set by Bank of America, the value could rise by around 16 percent in the coming months. For comparison: On December 16, 2025, the share marked its all-time high of $489.88.

Robotaxis: On the way to new cities

In January 2026, Tesla launched the first robotaxi rides without a safety monitor in Austin, Texas Elon Musk on January 22, 2026 on X (formerly Twitter). Just a few weeks later, the next announcement followed: The first Cybercab series vehicle had been produced.

Congratulations to the Tesla team on making the first production Cybercab! https://t.co/TFSVQcbME5

– Elon Musk (@elonmusk) February 17, 2026

This is a model that does not have a steering wheel or pedals and is therefore completely dependent on autonomous driving software, reports Electrek. However, based on all the data and information currently available, Tesla has not yet completely solved autonomous driving, it continues.

Robotaxis and FSD: Tesla advantage in autonomous driving

According to Investing, Bank of America estimates in the note that robotaxis account for around 52 percent of Tesla’s enterprise value, with the robotaxis already in use in San Francisco and Austin and seven more markets planned for the first half of 2026 – an indication of the enormous potential of this technology. Tesla’s Full Self-Driving (FSD) software is already the leading consumer autonomy solution with 1.1 million subscribers, and the bank expects usage to increase as Tesla optimizes its offering for higher levels of autonomy, it said. The note also shows that Tesla is relying on a pure camera approach for autonomous driving. This is technically more demanding, but significantly more cost-effective than the usual multi-sensor systems from the competition. According to the note, analyst Alexander Perry sees this as the key to profitable growth, reports Investing.

New growth areas: AI, robotics and energy storage

According to Investing, Bank of America also sees a lot of potential outside of the automotive sector: In particular, the humanoid robot Optimus, with an estimated value of over 30 billion US dollars, as well as the energy division, which is estimated at around 90 billion US dollars, could further strengthen Tesla’s position in batteries for private households and large storage systems. Taken together, these factors support an optimistic outlook for the company’s long-term growth, it said.

Tesla says it is relying on AI and robotics to broadly transfer autonomy to vehicles, humanoid robots and other applications. The focus is on Optimus, a two-legged, autonomous robot that is intended to take on unsafe, repetitive or monotonous tasks. The company highlights that an advanced AI approach to vision and planning, supported by powerful hardware, is crucial to efficiently implement both autonomous driving and humanoid robotics.

Editorial team finanzen.net

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