Tesla has gained momentum in its Robotaxi expansion with the recent launch of its service in Miami, which includes unsupervised vehicles. Morgan Stanley, maintaining an Equalweight rating and a $415 price target, anticipates additional Robotaxi launches in cities such as Phoenix, Orlando, and Las Vegas by year-end, along with a potential entry into New Orleans. As part of its projections, the bank expects Tesla’s Robotaxi fleet to grow to 1,500 vehicles by the end of 2026 and 30,000 by 2030, while also highlighting that regulatory agencies are closely monitoring safety data and operational performance amid the rise of unsupervised autonomous vehicle deployments.

Tesla: Tesla is an electric vehicle and clean energy company specializing in sustainable transportation solutions and autonomous driving technology. It recently launched its unsupervised Robotaxi service in Miami, marking expansion of driverless operations into a new state and presenting initial challenges with local weather conditions. The development underscores ongoing progress in scaling its autonomous ride-hailing network.
Morgan Stanley: Morgan Stanley is a global investment bank and financial services firm providing equity research and market analysis. It reiterated its Equalweight rating on Tesla following the Robotaxi service launch in Miami, emphasizing investor focus on fleet scaling and safety performance as indicators of autonomous progress.

Regulatory Focus: Federal regulators continue to review safety data and operational performance as unsupervised autonomous vehicle deployments increase across multiple cities.
Market Competition: The broader robotaxi sector is seeing accelerating expansion efforts from competitors including Waymo and Zoox alongside Tesla’s moves.
Autonomous Technology: Tesla’s camera-only Full Self-Driving system is undergoing testing in challenging rainy environments during the Miami rollout.