RBC Capital Maintains Overweight Rating on Tesla (NASDAQ:TSLA) Amid Expanding Ventures

RBC Capital updates its rating for Tesla (NASDAQ:TSLA) to "Overweight" with a new price target of $325, highlighting the potential of non-automotive segments. Tesla's robotaxi service launch in Texas exceeds expectations, with plans for significant expansion, marking it as a key future growth catalyst. The company's full self-driving (FSD) technology is also seen as a significant driver for Tesla's future growth, alongside its humanoid robots project.

On July 29, 2025, RBC Capital updated its rating for Tesla (NASDAQ:TSLA) to "Overweight," maintaining its previous grade. At the time, Tesla's stock price was $321.46. The action associated with this update is "hold." According to Benzinga, an analyst suggests that Tesla's valuation could significantly surpass current levels, driven by two key segments that are not related to cars. Tesla Inc. is drawing significant attention from investors and analysts due to its ambitious ventures beyond electric vehicles, particularly in the fields of robotaxis and humanoid robots.

RBC Capital analyst Tom Narayan has maintained an Overweight rating on Tesla and has increased the price target from $319 to $325. Narayan believes that if Tesla achieves its goals, its valuation could greatly surpass current levels. Tesla's recent launch of its robotaxi service in Texas has exceeded expectations, and the company plans to expand this service to more cities, aiming to cover half of the US population by the end of the year, although this is considered an ambitious target.

The robotaxi initiative is seen as a major future catalyst for Tesla. Additionally, Tesla's full self-driving (FSD) technology is also highlighted as a significant driver for the company's future growth. Tesla Inc. is currently trading at $323.24 on the NASDAQ. The stock has experienced a decrease of 0.72%, with a price drop of $2.35. Today's trading has seen a low of $318.25 and a high of $326.25. Over the past year, the stock has reached a high of $488.54 and a low of $182. Tesla's market capitalization stands at approximately $1.04 trillion, with a trading volume of 71.59 million shares.