In an exciting update for Tesla fans and investors, Piper Sandler has once again confirmed its Overweight rating on Tesla stock, keeping its bold $400.00 target in place. This decision is mainly driven by Tesla’s progress with its Full Self-Driving (FSD) software a major factor in how the firm values the company. During a recent call, Piper Sandler analysts got fresh insights from Elias Martinez, the creator of the FSD Community Tracker. This tracker keeps a close eye on Tesla’s journey toward full autonomy.

Right now, version 13 of the FSD software isn’t fully ready to support self-driving cars without human control. Still, Piper Sandler strongly believes this software is a big part of Tesla’s future especially with the company preparing for its robotaxi service launch in Austin.

According to InvestingPro data, Tesla is currently trading at a P/E ratio of 147.65, showing it’s valued at a premium. Analyst targets for Tesla vary widely, from $115 to $465, highlighting how divided opinions are about its future. But with a market cap of $902.71 billion and trailing twelve-month revenue of $95.72 billion, Tesla continues to dominate the auto industry.

Even though Tesla hasn’t rolled out any big updates to the FSD software since version 13 (released around 4.5 months ago), analysts believe the company has been quietly working behind the scenes to prepare for a safe and smooth launch in Austin. The FSD Community Tracker may not show all the progress happening in the background.

Mixed Global Signals and Strategic Shifts

This upcoming robotaxi rollout is a major moment for Tesla. It’s not just a product launch it could reshape the entire concept of personal and shared transportation. That’s why investors and industry watchers are keeping a close eye on Tesla’s moves in autonomous driving. The success of its FSD software and robotaxis will play a key role in shaping Tesla’s growth ahead.  InvestingPro analysis gives Tesla a GOOD overall financial health score. However, the stock comes with a beta of 2.43, meaning it’s more volatile than the broader market. For more insights, including 20+ additional ProTips, you can check out the full Pro Research Report on InvestingPro.

In other recent updates, Tesla has added over 60 Chinese suppliers to its global supply network, as confirmed by Vice President Tao Lin. This move is expected to make Tesla’s supply chain stronger and more diverse. In Italy, Tesla’s new car registrations increased by 29% in April 2025 compared to last year, but overall registrations from January to April are down by 4%. In Sweden, April sales dropped 80.7%, with only 203 cars sold.

In China, Tesla launched a new FSD update with automatic lane changes and traffic light detection. Goldman Sachs kept a “Neutral” rating and $235 target, though some users raised concerns about local traffic rule handling. Tesla plans to launch its robotaxi service in Texas in June 2025, and may face strong competition if it enters the Chinese market. Tesla’s cost of goods sold per vehicle in Q1 2025 was around $35.5K, as the tech sector, including Tesla and Nvidia, faces pressure from trade policy and economic uncertainties.