Tesla Inc. (NASDAQ:TSLA) ranks among the best growth stocks to buy and hold for the long term<\/strong>. On March 4, BofA Securities began coverage of Tesla Inc. (NASDAQ:TSLA) with a Buy rating and a $460 price target. According to the firm, Tesla Inc. (NASDAQ:TSLA) is \u201cat the forefront of autonomous driving,\u201d thanks to a camera-only method that is \u201ctechnically harder but much cheaper\u201d compared to the multi-sensor systems commonly utilized in the sector.<\/p>\n Asif Islam \/ Shutterstock.com<\/p>\n BofA stated that robotaxis are currently operational in San Francisco and Austin, with seven other markets planned in the first half of 2026. The firm claims that robotaxis account for approximately 52% of Tesla\u2019s worth.<\/p>\n Moreover, the firm valued Tesla\u2019s Optimus humanoid division at more than $30 billion, accounting for 2% of the company\u2019s $1.47 trillion market capitalization. BofA states that the humanoid robot has the capacity to replace some of the approximately 13 million manufacturing positions in the United States, with eventual adoption in households.<\/p>\n Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs, and energy generation and storage systems in the US, China, and internationally through two segments: Automotive and Energy Generation & Storage.<\/p>\n While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b>.<\/p>\n<\/div>\n<\/div>\n<\/figure>\n