TSLA - BENCHMARK HIKES TESLA TARGET TO 475 AFTER ROBOTAXI LAUNCH Benchmark raised its Tesla price target to 475 from 350 following the robotaxi launch in Austin. Analyst Mickey Legg called the rollout safe and scalable, boosting confidence in broader adoption, especially with new Texas AV laws coming in September. Despite Q2 delivery declines, Legg sees long-term growth from robotaxis, product updates, and Tesla’s Optimus robot. He reaffirmed Tesla as a top 2025 pick, highlighting its strong cash position and shift toward automation. The new valuation is based on a premium multiple of 53.9x 2028 EBITDA.