Tesla Could Rally 17% to $500 with Hundreds of Unsupervised Robotaxis
Investor Gary Black of Future Fund LLC projects that Tesla shares could rise 17% to $500 if the company fields hundreds of unsupervised Robotaxis in Austin and other cities. He argues this milestone would prove Tesla’s capability to scale unsupervised autonomy globally, enhancing the company’s growth outlook.
1. Gary Black’s 17% Rally Forecast
Investor Gary Black of Future Fund LLC believes a deployment of hundreds of unsupervised Robotaxis outside Tesla’s current test zones would push shares 17% higher to $500. He links this rally to proof of Tesla’s global scalability in autonomous ride-hailing.
2. Milestone of Unsupervised Robotaxis
Black emphasizes that having operational unsupervised Robotaxis in Austin and additional cities would demonstrate Tesla’s ability to expand its autonomy at scale without safety monitors. This capability is seen as a critical growth catalyst for Tesla’s valuation.
3. Competition and Autonomy Advances
Tesla faces competition as Nvidia’s new Alpamayo AI technology aims to help other manufacturers deploy autonomy, and rival Waymo Robotaxis have recently shown both collision-avoidance performance and crash incidents. Observers will watch how Tesla’s technology compares on safety and scalability.