Benchmark has raised its price target for Tesla Inc. to $475 from $350, maintaining a Buy rating following the successful launch of Tesla's robotaxi service in Austin. Analyst Mickey Legg highlighted the controlled and safety-first approach of the rollout, which has increased confidence in the broader adoption of Tesla's robotaxi business. Benchmark also projects second-quarter revenue of $22.7 billion, a 17% increase quarter-over-quarter, with earnings per share of $0.33, slightly below consensus due to margin pressures from tariffs, pricing, and warranty costs. Separately, RBC Capital Markets raised its price target on Tesla to $325 from $319, maintaining an Outperform rating. RBC analyst Tom Narayan noted that Tesla’s valuation could far exceed current levels if the company succeeds with its robotaxi goals, despite near-term pressures from the expiration of the IRA credit and high used electric vehicle inventory. RBC emphasized Tesla's long-term growth prospects tied to robotaxis, Full Self-Driving technology, and its robotics initiatives such as Optimus.