MS and GS Turn Bullish! Is Tesla's Robotaxi Ready for Takeoff?
Recently, both Morgan Stanley and Goldman Sachs turned bullish on Tesla, with high expectations for its upcoming Robotaxi business. Morgan Stanley raised its price target to $410 in a June 3rd report, betting big on the long-term potential of Tesla’s autonomous ride-hailing services. While Goldman Sachs slightly trimmed its target to $285 on June 6th, it still emphasized that autonomous driving remains a key long-term growth driver for Tesla.
These two major institutions reflect growing confidence in Tesla’s tech capabilities and its shift in business model. Over the past year, Tesla has made serious progress in autonomy ， upgrading from FSD v11 to v12, and logging over 10 million miles in real-world testing. That’s industry-leading scale. Plus, with regulatory approvals in states like California and Nevada for road testing and commercial operation, the regulatory environment seems increasingly supportive.
That said, the recent clash between Elon Musk and Donald Trump did stir up some market volatility. Musk’s comments always tend to make waves, and Tesla’s stock often reacts accordingly. It’s a reminder that Tesla isn’t just a tech company ， it’s also a media magnet. Still, that doesn’t change my view: Robotaxi could fundamentally transform Tesla’s revenue model, shifting from selling cars to offering autonomous transportation as a service. That’s a move toward more diversified and potentially stable long-term revenue.
Looking at the stock, Tesla has recently bounced back above $315 from its lows, showing growing optimism around the Robotaxi launch ， which is reportedly happening around June 12th. That’s a critical date. It’ll give us a first look at real-world operations and allow the market to reassess Tesla’s commercial readiness in full self-driving.
As for competition, Waymo has been running Robotaxis for a few years, but Tesla brings unique advantages: its in-house AI chip, vertically integrated production, and the world’s largest EV fleet. With more U.S. states opening the door to autonomous ride services, Tesla is well-positioned to scale.
Of course, risks remaintechnical performance in complex driving conditions, insurance and legal frameworks, and consumer trust are all real concerns. But those are challenges that can be tackled over time. When investing in frontier tech, risk and reward always go hand-in-hand.
Bottom line: Robotaxi isn’t just a buzzword ， it could be Tesla’s next big growth engine. With the expected launch around June 12th, investor focus is heating up. If you’re interested in the future of autonomous driving, this could be the right time to take a serious look at Tesla
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