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Tesla’s AI Future: Why Analysts Are Raising Stock Targets

Wedbush raises Tesla stock target to $600, predicting massive $3T growth driven by AI, self-driving tech, and Optimus robots.

Tesla’s AI Future: Why Analysts Are Raising Stock Targets
“Latest Tesla Optimus Humanoid Robot” by Steve Jurvetson, CC BY 2.0
  • Massive Price Target Hike: One leading analyst from Wedbush, Dan Ives, recently raised his price target for Tesla stock to a Street-high of $600 (up from $500). He kept a Buy/Outperform rating on the shares.
  • The AI Revolution is Key: This positive outlook is driven by Tesla’s accelerated "AI Revolution path". Analysts believe investors are currently "underestimating the transformation" that is underway.
  • Focus on Autonomy and Robots: Tesla is prioritizing autonomous driving and robotics. The company is already scaling up its self-driving taxi service, which it launched in June in Austin, Texas.
  • Optimus Robot Plans: Tesla aims to begin selling significant quantities of its humanoid robot, dubbed Optimus, in 2026.
  • Trillion-Dollar Potential: In a bull-case scenario, the success of this AI and robotics roadmap could help Tesla reach a $2 trillion market cap by early 2026, potentially growing to $3 trillion by the end of 2026.
  • Stock Performance: Even before this latest target hike, Tesla stock was highly valued, rising 30% over the three months leading up to Friday trading. The shares typically trade above the average analyst price target.