Tesla and General Motors: BofA Bets Big on Autonomy and ICE Dominance With Bold Price Targets

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n=e.getConfig();if("smartphone"===n.device){if("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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General Motors (GM) has a $105 target vs $79.07, 6.18x forward P/E, and 32.7% truck market share.Bank of America makes contrasting bets on transportation: Tesla transitions to autonomous ride-hailing with robotaxis, while General Motors profits from traditional trucks and SUVs as EV pressure eases.The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.Bank of America is making two bold, contrasting bets on the future of transportation: BofA reinstated Tesla with a Buy rating and a $460 price target, calling it the current leader in consumer autonomy, while analyst Alexander Perry initiated coverage of General Motors with a Buy rating and a $105 price target, betting that GM's truck and SUV dominance becomes even more profitable as EV pressure releases. Both calls are bullish. The logic behind each is completely different.Tesla (Nasdaq: TSLA) is trading at $399.95 as of this morning, below BofA's $460 target and meaningfully below its 52-week high of $498.83. The broad analyst consensus sits at $420.90, making BofA's target notably more aggressive than the Street average.The bull case isn't about car sales. Tesla's robotaxi service launched in Austin in June 2025 and is expanding to Dallas, Houston, Phoenix, Miami, Orlando, Tampa, and Las Vegas in the first half of 2026. Cybercab volume production starts this year. The narrative is shifting from automaker to autonomous mobility platform, and BofA is pricing in that transition.READ: The analyst who called NVIDIA in 2010 just named his top 10 AI stocksThe underlying numbers give the thesis grounding. Despite vehicle deliveries falling 16% year-over-year in Q4 2025, gross margin actually expanded 386 basis points to 20.1%. The energy segment hit record Q4 deployments of 14.2 GWh, with revenue up 25% year-over-year. And Tesla ended the quarter with $44.059 billion in cash, up 173% year-over-year — a company investing aggressively while maintaining margin discipline on the core business.Prediction markets are skeptical on some adjacent bets. Kalshi puts Optimus on sale before 2027 at just 19% probability, and the crowd's median expectation for Q1 2026 deliveries sits around 330,000 units. The robotaxi story is real, but the timeline is the debate.The valuation is the honest risk. Tesla trades at a trailing P/E of 356.75 and a forward P/E of 196.08. You are not buying a car company at these multiples — you are buying a bet that autonomous ride-hailing becomes a massive, high-margin business and that Tesla owns a dominant share of it. BofA believes that. 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