Bank of America upgrades Tesla's stock to 'Buy' from 'Neutral'

Bank of America upgraded Tesla to 'Buy' from 'Neutral' with a $460 price target, implying over 17% upside. Analysts called Tesla the "leader in consumer autonomy" and a major player in the next era of mobility. The firm believes Tesla will scale robotaxi services more profitably than competitors. Tesla shares rose over 2% on the news.