Bank of America has reinstated Tesla with a Buy rating and a $460 price target, citing the company's leadership in autonomous driving and robotaxi services. Analyst Alexander Perry emphasized Tesla's camera-only approach as a cost advantage over competitors using multi-sensor systems.

BofA projects robotaxis will account for roughly 52 percent of Tesla's valuation, with services already operating in San Francisco and Austin and seven new markets planned for early 2026. The bank also highlighted Tesla's Full Self-Driving software, which has 1.1 million subscriptions, as the leading consumer autonomy solution.

Beyond vehicles, Bank of America values Tesla's Optimus humanoid robot at over $30 billion and its energy segment at $90 billion. The bank expects Tesla to maintain leading market share in both residential batteries and utility-scale storage, supporting a bullish long-term growth outlook.