According to Capital Markets, Tesla’s stock could soar by 19% adding over $150 billion to the company’s total valuation amid rising demand for robotaxis. Analysts believe that robotaxis could “transform society more than anything else in our lifetimes.” This advanced technology will allow the EV giant to get a new niche in the market and will definitely boost Tesla’s shares. On June 15, Tesla was seen trading above $255.90 per share. Capital Markets lifted the price target for Tesla’s stock to $305. Last month, the car manufacturer gained more than $270 billion in its market cap after striking a deal with General Motors and Ford that will allow them to use Tesla's charging network. The company is poised to dominate the robo-taxi market given how well-developed its self-driving technology is. According to estimates, the EV maker could achieve a 25% market share in the US, as well as an 8% share in Europe and a 7% share in China. Tesla’s share price has already jumped by 107% this year, adding $300 billion to the market cap in the past month.
