StoneX has reaffirmed its Buy rating and $475 price target for Tesla stock, citing the company’s latest robotaxi initiative as a catalyst for long-term growth. The New York-based brokerage highlighted the Cybercab’s launch in Austin, Texas, where the two-seat, fully autonomous vehicle—devoid of steering wheel or pedals—is now hailable through the existing Robotaxi app alongside Tesla’s Model Y fleet.
The vehicle’s efficiency, rated at 165 watt-hours per mile with a 48 kilowatt-hour battery and a lab-tested range of 418 miles, positions it as Tesla’s most cost-effective EV to date. StoneX’s target price implies a potential upside of roughly 22% from Tesla’s closing price on September 3, 2025. The firm’s rating contrasts with the broader analyst consensus, which remains on Hold, according to InvestingPro data.
Tesla’s valuation remains under scrutiny, with InvestingPro noting a P/E ratio of 327, among 13 tips flagging premium multiples. The stock has gained 16% in August, outperforming the broader market during the period.
Morgan Stanley maintained an Equal-weight rating on Tesla with a $400 target, while Goldman Sachs projected the humanoid robot market to reach 6.48 million units by 2035, with an estimated value of $138 billion. The Cybercab’s sub-$30,000 target price places it at a 55% discount to Waymo’s pricing on comparable routes in the U.S.
Regulatory progress for Tesla’s Full Self-Driving technology continued in Europe, with provisional approvals secured in the Netherlands, Belgium, Denmark, Estonia, and Lithuania. Testing has now expanded to France, ahead of a potential EU-wide vote on broader deployment.
Tesla’s regional sales performance showed mixed trends in August. In China, deliveries of Model 3 and Model Y vehicles from the Shanghai factory rose 3.6% year-on-year to 86,166 units, though the China Passenger Car Association noted a significant slowdown compared with July. In Spain, sales plummeted 78.8% to 304 vehicles, though year-to-date figures from January to August still reflected a 4.6% increase versus the same period in 2025.
