Tesla, Inc. (NASDAQ: TSLA ) is one of them ARK Investment Stock Portfolio: Top 10 Stock Picks for 2026. On March 4, Bank of America resumed coverage of the stock and upgraded it from hold to buy.
The company also set a $460 price target, which represents a 16% upside from Wednesday’s close.
Analyst Alexander Parry wrote in a research note that he sees the company as a leader in the autonomous driving space, given its ability to be more profitable than its peers in the industry in terms of business expansion.
Perry expects autonomous vehicles to shape the future of mobility, enabling consumers to travel more accessible, safer and faster. BofA analyst Tesla, Inc. (NASDAQ: TSLA ) sees significant opportunities as it prepares to launch robotics in seven new markets in the first half of 2026.
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Perry was quoted by CNBC as saying the following:
The standard technologies used in the autonomous industry are multi-sensor fusion approaches (LiDAR/radar/cameras), while Tesla’s camera-only approach is technically demanding but very affordable and leverages the consumer fleet’s data engine. Tesla’s strategy should allow it to scale more profitably than its robotaxi competitors, while the lack of drivers gives it a cost advantage over rideshare players.
Despite BofA’s latest bullish outlook, Wall Street remains cautious on the stock with a consensus hold rating and predicts a slight 1.5% drop in its share price by the end of March 5.
On the same day Buffa updated, Barclays reiterated an equal weight rating on the stock with a price target of $360.
Tesla, Inc. (NASDAQ: TSLA) is an automotive and clean energy company. It is a pioneer in the EV industry and has contributed significantly to the global shift towards sustainable transportation through its electric vehicles.
While we accept TSLA’s potential as an investment, we believe some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.
Read more: 40 Most Popular Stocks Among Hedge Funds Heading into 2026 and 10 Best Magic Formula Stocks for 2026.
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