Tesla (TSLA.US) is set to release its 1Q26 results this week, and investors are likely to lay their eyes on the progress of the company's robotaxi deployment, BofA Securities wrote in its report.

Last Saturday, BofA Securities expressed that it was encouraged by Tesla's announcement that it had expanded its robotaxi services to Dallas and Houston, bringing the total number of deployed cities to four, a step closer to its target of reaching nine cities in 1H26.

BofA Securities also predicts investor attention to go to the progress in scaling up production of the Optimus humanoid robot, which forms a key component of Tesla's USD20 billion capital expenditure plan for this year. While the broker doesn't expect Optimus to make a meaningful contribution in the near term, it still sees substantial long-term potential.

Tesla's rating remains Buy, alongside a target price of USD460. BofA Securities believes the company is in the early stages of monetizing its autonomous driving capabilities.
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AAStocks Financial News
Web Site: www.aastocks.com

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