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Tesla (TSLA) Gets $355 Price Target as Robotaxi Launch Sparks Analyst Optimism

We recently published a list of 10 AI Stocks Gaining Wall Street’s Attention. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other AI stocks gaining Wall Street’s attention.

On May 27, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on Tesla, Inc. (NASDAQ:TSLA) with a $355.00 price target. Tesla is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

Sheppard’s optimism on Tesla stems from the company’s plan to launch fully autonomous robotaxis in June, starting with its fleet in Austin by the end of June. The initial phase will include Model Y vehicles with Full Self Driving (FSD) technology, with broader expansion anticipated by year-end.

Tesla’s Full Self-Driving (FSD) technology, or the Tesla Vision, works through advanced AI and machine learning to interpret the world through cameras alone instead of LiDAR or radar. This technology has already logged over 3.5 billion supervised miles for the first quarter of 2025.

Albeit there are near-term headwinds for Tesla due to macroeconomic conditions, tariffs, and the removal of the EV tax credit, the firm is optimistic about Tesla’s market prospects.

Tesla CEO Elon Musk has also committed to spending more time to the company for the company as he prepares to leave his leading role at DOGE, the Department of Government Efficiency.

Hadrian / Shutterstock.com

Besides Musk’s commitment, some other catalysts highlighted by the firm for Tesla are the FSD rollout in China, which began in the first quarter of 2025, along with the anticipated deployment of FSD in Europe in the first half of 2025. This is currently pending regulatory approval.

Optimus Bot is poised for high-volume production for 2026, while the company also plans to introduce the Semi Truck, which is likely to begin production in 2026. All in all, the firm is optimistic about Tesla’s long-term prospects.

It believes that Tesla will secure a significant share of the self-driving market in the U.S., as well as reap substantial revenue from FSD, Robotaxi, Energy Storage & Deployment, and Optimus Bot initiatives.

Overall, TSLA ranks 4th on our list of AI stocks gaining Wall Street’s attention. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks on Analyst’s Radar Today and 10 AI Stocks on Wall Street’s Radar

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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