Tesla (TSLA) Stock Rated Overweight as Robotaxi Launch Nears

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks Getting Wall Street’s Attention. On June 16, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on the stock with a $355.00 price target. The rating affirmation comes as Tesla continues to test its unsupervised self-driving Model Y vehicles in Austin, Texas. This testing comes ahead of its robotaxi release, scheduled for June, targeting June 22^nd for the release. CEO Elon Musk had previously announced that the initial robotaxi rollout would include a “modest number of vehicles” before it expands to other cities. By 2026, the company plans to reveal its cybercab, which is expected to have no steering wheel or pedals. Tesla’s Full Self-Driving (FSD) technology with supervision has garnered over 3.5 billion cumulative miles as of the first quarter of 2025. The firm rolled out FSD in China during the first quarter, anticipating a launch in Europe during the first half of 2025, pending regulatory approval. Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.