A leading Wall Street analyst has unveiled a comprehensive analysis of Tesla Inc.'s (NASDAQ:TSLA) potential in the robotaxi market, presenting five distinct scenarios that could shape the electric vehicle maker's future valuation.

What Happened: Pierre Ferragu, lead analyst at New Street Research, released a presentation Wednesday. The report employs a decision-tree approach to map out possible outcomes for Tesla's autonomous driving ambitions.

At the heart of Ferragu's analysis is whether Tesla can achieve unsupervised full self-driving capability. This technological milestone serves as the primary branching point for the scenarios, each with dramatically different...