According to Sawyer Merritt, TD Cowen has reaffirmed its Buy rating and a $509 price target on Tesla after visiting the Giga Texas factory and testing Full Self-Driving (FSD) version 14. The analysts reported that the FSD V14 rides were 'smooth and impressive,' and highlighted manufacturing innovations for the upcoming Cybercab autonomous vehicle. TD Cowen sees the planned April 2026 production start for Cybercab as proof of Tesla's confidence in scaling its robotaxi business using the Hardware 4 platform. The firm projects that autonomous vehicles could become significant revenue contributors for Tesla as soon as the second half of 2026, underscoring the strong business opportunity in the commercial deployment of self-driving cars. (Source: Sawyer Merritt on Twitter)