TSLA - TESLA ROBOTAXI EXPANDS—NO DRIVER MONITORS Morgan Stanley’s Andrew Percoco reaffirmed an Equalweight rating and $415 target on Tesla as it expands robotaxi service to Dallas and Houston. Early reports suggest rides are operating without in-car safety monitors—a shift from earlier launches and a sign of progress in autonomy. Fleet size remains small, but the rollout marks Tesla’s first expansion beyond Austin and San Francisco. The company is targeting seven more cities by mid-2026, including Phoenix, Miami, and Las Vegas. Morgan Stanley sees robotaxis as a key growth driver: more real-world data improves autonomy, boosts Full Self-Driving adoption, and supports demand, margins, and long-term AI ambitions despite near-term cash burn.(*Walter Bloomberg)