---
title: "Bank of America raised Tesla's price target to $400, citing growth in EV, AI tech. Analyst optimistic after visiting Gigafactory in Austin. FSD improvements bolster Robotaxi prospects."
description: "Bank of America has raised Tesla's 12-month price target, maintaining a Buy rating. Analyst John Murphy expressed optimism after visiting the Gigafactory in Austin, noting Tesla's growth potential in "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/221562679.md"
published_at: "2024-12-05T20:27:13.000Z"
---

# Bank of America raised Tesla's price target to $400, citing growth in EV, AI tech. Analyst optimistic after visiting Gigafactory in Austin. FSD improvements bolster Robotaxi prospects.

> Bank of America has raised Tesla's 12-month price target, maintaining a Buy rating. Analyst John Murphy expressed optimism after visiting the Gigafactory in Austin, noting Tesla's growth potential in EVs and AI technology. Improvements in Full Self-Driving (FSD) technology were highlighted, enhancing Robotaxi prospects. Murphy's outlook is based on strong near-term growth in electric vehicles and long-term advancements in autonomous driving and robotics.

Bank of America has increased Tesla's 12-month price target from $350 to $400, maintaining a Buy rating. Analyst John Murphy expressed optimism after visiting Tesla's Gigafactory in Austin, Texas, where he saw the company's potential for growth in 2025+. Tesla's Full Self-Driving (FSD) technology impressed during the test drive, showing significant improvements. The technology is expected to require minimal intervention soon, boosting Robotaxi prospects. Murphy's positive outlook is based on Tesla's strong near-term growth in electric vehicles and long-term ventures in autonomous driving and robotics.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.