Tesla (TSLA) Draws Wall Street Attention on Driverless Testing in Austin

Core Viewpoint - Tesla, Inc. is making significant advancements in its autonomous technology, particularly with the testing of robotaxi rides in Austin without safety monitors, which is seen as a major step forward for the company [2][4]. Group 1: Testing and Development - Tesla has commenced testing robotaxi rides in Austin without safety monitors, marking a significant milestone in its autonomous technology development [2]. - The testing aligns with Tesla's plans to launch its ridehail service using robotaxi technology in 8-10 metropolitan areas by the end of the year [3]. - The removal of safety monitors during testing is viewed as a critical advancement in Tesla's autonomous technology [4]. Group 2: Market Position and Analyst Insights - Goldman Sachs has reiterated a Neutral rating on Tesla's stock with a price target of $400.00, citing competitive and execution risks [1]. - Analysts believe that while Tesla is progressing with its Full Self-Driving (FSD) software and robotaxi initiatives, competition may limit profitability improvements [5]. - Investors are closely monitoring how quickly Tesla can scale its driverless operations and the profitability of these services [4].