Morgan Stanley identifies Tesla’s unsupervised robotaxi fleet as the primary stock catalyst for 2026. A March 18 note follows a tour of Giga Texas. The bank reports increased confidence in robotaxi and Cybercab production. Production remains on track for an April start.
A successful rollout may create a flywheel effect across Tesla’s business. Increased unsupervised miles improve the autonomy model. This improvement could accelerate personal Full Self-Driving (FSD) adoption. The rollout aims to re-invigorate auto demand and margins. These gains help fund Tesla’s long-term AI ambitions.