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Expansion into more robotaxi markets and a faster Texas fleet build provide a tangible growth backdrop and validate the autonomy narrative; deliveries beat estimates, plus a supportive analyst view, could re-rate multiples despite near-term volatility.
What happened, with direct paths to the underlying reporting
Tesla expanded its robotaxi footprint with Miami as the fifth market and accelerated Texas fleet growth to 175 vehicles, up over 100 in a month. Bank of America reiterates a Buy rating with a $460 target, citing progress toward a real autonomy business alongside strong Q2 deliveries (~480,000) and rising BEV share. The key near-term driver remains the pace of market additions toward the nine-city goal by mid-2026.
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