Tesla Expands Robotaxi Service to Dallas and Houston as Some Targets Remain Above $500
Tesla has deployed its robotaxi service in Dallas and Houston, marking its first expansion into these major Texas markets and increasing its autonomous fleet footprint. Meanwhile, several brokerage firms have trimmed their price targets, though a subset still anticipates Tesla shares could climb above $500 based on long-term growth prospects.
1. Robotaxi Service Expansion
In early April, Tesla activated its autonomous robotaxi network in Dallas and Houston, deploying an unspecified number of vehicles to serve ride requests in these populous metro areas. The rollout represents Tesla's first expansion of its robotaxi service outside initial test markets and aims to gather real-world usage data ahead of a broader national launch.
2. Analyst Price Target Revisions
During April, several brokerages adjusted their Tesla price targets downward, citing concerns over valuation and slowing vehicle deliveries. Despite the cuts, a group of analysts maintains bullish long-term views, forecasting that Tesla shares could exceed $500 as the company scales production and advances its Full Self-Driving software.