<div id="readability-page-1"><p><strong>Tesla </strong>(TSLA) is getting a strong vote of confidence from Wall Street as the robotaxi market moves closer to large-scale rollout. Analysts at New Street Research named Tesla a &#34;Top Pick,&#34; saying the company is best placed to lead the next phase of autonomous transport. The firm maintained a Buy rating on the stock and maintained its Street-High Price Target of $600, implying about 40% upside potential from current levels.</p><h3>Claim 70% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <h2><strong>Why the Analyst Is Bullish on Robotaxis</strong></h2> <p>New Street Research said the robotaxi market is nearing a key turning point in 2026. More companies are moving from testing to real-world use, with players like Waymo and Tesla expanding commercial operations.</p> <p>Within that shift, the firm believes Tesla stands out from peers and is best positioned to take the lead as the market opens up. The firm pointed to three main strengths that give Tesla an edge over its peers.</p> <ul> <li>First, Tesla's lower unit costs allow it to scale faster and price its services more aggressively.</li> <li>Second, Tesla's flexible supply base supports growth without hurting returns on new spending, making expansion more efficient than for rivals that rely on heavy capital investment.</li> <li>Third, Tesla already has a large fleet on the road. That scale helps the company collect more driving data, improve its software faster, and speed up product gains over time.</li> </ul> <h2><strong>Why Tesla Could Pull Ahead</strong></h2> <p>As these strengths come into play, New Street expects Tesla to roll out robotaxi services faster than rivals and offer more competitive pricing. This should help the company win a larger share of the market as demand grows.</p> <p>Looking ahead, New Street sees &#34;several catalysts&#34; in 2026 that could confirm this view and drive a positive reaction in the stock.</p> <h2><strong>Is Tesla a Buy, Hold or Sell?</strong> </h2> <p>Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 13 Buys, 10 Holds, and seven Sells assigned in the past three months, as indicated by the graphic below. After a 9.2% rally in its share price over the past year, the average TSLA price target of $405.94 per share implies 6.20% downside risk.</p></div>

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<p>Tesla (TSLA) has received a bullish endorsement from analysts at New Street Research, who named it a "Top Pick" with a Street-High price target of $600, suggesting a 40% upside. The firm believes Tesla is well-positioned to lead the robotaxi market, citing its lower unit costs, flexible supply base, and existing fleet as key advantages. Despite a Hold consensus rating from Wall Street, with mixed analyst opinions, New Street anticipates several catalysts in 2026 that could positively impact Tesla's stock performance.</p>

- Analysts at New Street Research have designated Tesla as a "Top Pick," highlighting its strong position in the upcoming robotaxi market.  
- The firm predicts that Tesla will outpace competitors in service rollout due to its cost advantages, flexible supply chain, and extensive driving data collection.  
- While the average analyst consensus rating is a Hold, New Street maintains a Buy rating with a Street-High Price Target of $600, indicating significant upside potential.

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'Top Pick,' Say Analysts as Tesla Stock Gets Street-High $600 Price Target