Tesla receives a price target increase to $600 from Wedbush, making AI opportunities the biggest highlight
Wedbush raised Tesla's target price to $600, maintaining an "Outperform" rating, believing that AI and autonomous driving will become the company's core strategies in the future. Analysts pointed out that the market has underestimated Tesla's transformation potential, expecting a market value of $2 trillion to $3 trillion by 2026. Despite recent pressure on the stock price due to declining sales in Europe, Tesla's stock price has rebounded to $429.60. Attention is on the upcoming third-quarter delivery data and earnings report
According to the Zhitong Finance APP, Wedbush has significantly raised the target price for Tesla (TSLA.US) to $600 and maintained an "outperform" rating, with the core logic being that its artificial intelligence acceleration is about to reach a critical breakthrough.
Analyst Dan Ives pointed out that the market has severely underestimated Tesla's transformation potential—autonomous driving and robotics technology will become core strategic pillars by 2026, and this "game changer" will directly determine the company's future direction.
Ives' team estimates that the artificial intelligence and autonomous driving sectors alone could contribute at least $1 trillion in valuation for Tesla, and during the remaining year of the Trump administration, Tesla's core projects around FSD/autonomous driving are expected to accelerate, as the federal regulatory "spider web" that has entangled the company for the past few years is anticipated to be dismantled more quickly.
Wedbush believes that in a bullish scenario, Tesla's market value could reach $2 trillion by early 2026, and with the large-scale production of autonomous driving and robotics by the end of the year, it could further rise to $3 trillion.
Recently, a decline in sales in Europe has put pressure on Tesla's stock price, which fell 4.4% on Thursday. As of the time of writing, the stock has rebounded by 1.50%, trading at $429.60.
The focus will shift to October—Tesla will release its third-quarter delivery data in early October and disclose its third-quarter earnings report later in the month
