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Tesla gets $475 price target from Benchmark amid initial Robotaxi rollout

  • Benchmark reiterated a 'Buy' rating on Tesla stock and raised its price target from $350 to $475 per share, citing the initial Robotaxi service deployment.
  • Analyst Mickey Legg praised Tesla's safety-first approach with the Robotaxi service, highlighting potential growth and regulatory trust.
  • Benchmark supports Tesla's vision-only approach to autonomous driving, contrasting it with competitors' costly sensor-based solutions.
  • The firm believes in Tesla's evolution into a robotics and automation powerhouse, with initiatives like humanoid robot Optimus driving future growth.

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