Tesla (TSLA) Gets $355 Price Target as Robotaxi Launch Sparks Analyst Optimism

We recently published a list of 10 AI Stocks Gaining Wall Street’s Attention. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other AI stocks gaining Wall Street’s attention.

On May 27, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on Tesla, Inc. (NASDAQ:TSLA) with a $355.00 price target. Tesla is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

Sheppard’s optimism on Tesla stems from the company’s plan to launch fully autonomous robotaxis in June, starting with its fleet in Austin by the end of June. The initial phase will include Model Y vehicles with Full Self Driving (FSD) technology, with broader expansion anticipated by year-end.

Tesla’s Full Self-Driving (FSD) technology, or the Tesla Vision, works through advanced AI and machine learning to interpret the world through cameras alone instead of LiDAR or radar. This technology has already logged over 3.5 billion supervised miles for the first quarter of 2025.

Albeit there are near-term headwinds for Tesla due to macroeconomic conditions, tariffs, and the removal of the EV tax credit, the firm is optimistic about Tesla’s market prospects.

Tesla CEO Elon Musk has also committed to spending more time to the company for the company as he prepares to leave his leading role at DOGE, the Department of Government Efficiency.

Besides Musk’s commitment, some other catalysts highlighted by the firm for Tesla are the FSD rollout in China, which began in the first quarter of 2025, along with the anticipated deployment of FSD in Europe in the first half of 2025. This is currently pending regulatory approval.

Optimus Bot is poised for high-volume production for 2026, while the company also plans to introduce the Semi Truck, which is likely to begin production in 2026. All in all, the firm is optimistic about Tesla’s long-term prospects.

It believes that Tesla will secure a significant share of the self-driving market in the U.S., as well as reap substantial revenue from FSD, Robotaxi, Energy Storage & Deployment, and Optimus Bot initiatives.

Overall, TSLA ranks 4th on our list of AI stocks gaining Wall Street’s attention. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar. 

Disclosure: None. This article is originally published at Insider Monkey.