Truist still ‘befuddled’ on FSD ahead of October robotaxi event

Truist analyst William Stein keeps a Hold rating and $215 price target on Tesla after testing the company’s FSD technology for the third time in a 10-mile trip. While the acceleration, deceleration, lane changes, and lane positioning felt more smooth and human-like, the test also contained two “fast fails” – one as FSD made a left turn from a second-from-left non-turn lane, through a red light and one when the FSD put the car directly in the middle of two lanes, the analyst tells investors in a research note. FSD v12.5 does not “solve autonomy” or appear to approach RoboTaxi capabilities, and the firm remains “befuddled” as to what Tesla might introduce in its planned RoboTaxi event in October, Truist added.