Tesla Stock Analyst Says Removal Of Safety Driver In Austin Shows 'Progress With Its Autonomous Technology'

Core Insights - Tesla Inc has initiated testing of robotaxis in Austin without a safety monitor driver, indicating progress in its autonomous technology [1][2] - Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla with a revised price target of $400, down from $425 after Q3 financial results [1][2] Company Developments - The testing of robotaxis aligns with Tesla's timeline to complete this by the end of 2025, with plans for service in eight to ten metropolitan areas [2][3] - The focus will be on how quickly Tesla can scale driverless operations and achieve profitability, potentially outpacing competitors like Uber, Lyft, Waymo, and Pony AI [3] Market Outlook - The U.S. rideshare market for autonomous vehicles is projected to reach $7 billion by 2030, with Uber and Waymo also expanding their autonomous vehicle operations [4] - Tesla's Full Self-Driving (FSD) software is showing improvement and positive reception, which could serve as a catalyst for future growth [4][5] Financial Performance - Tesla's stock has increased by 0.4% to $477.04, with a year-to-date rise of 25.8% in 2025, within a 52-week trading range of $214.25 to $488.54 [5]