Banking giant upgrades its Tesla stock price target

Bank of America (BofA) has reinstated coverage of Tesla (NASDAQ: TSLA) with a ‘Buy’ rating, raising its price target to $460.The banking giant cited the company’s dominant position in autonomous driving and its expected leadership in the next phase of mobility innovation.Analyst Alexander Perry also emphasized the automaker’s potential to capture a leading share of the robotaxi and autonomous transportation market, praising its ability to scale more profitably compared to its peers.“We expect TSLA to quickl ...