The analyst believes that AI-driven autonomous driving will be the biggest growth chapter in the EV maker’s history.
Wedbush analyst Daniel Ives on Friday raised the price target on EV giant Tesla (TSLA) to $600 from $500 and kept an ‘Outperform’ rating, according to TheFly, citing faith in the company’s artificial intelligence and autonomous driving initiatives.
The new price target implies an upside of about 42% from the stock’s closing price on Thursday.
Ives said in a post on X that an “accelerated AI autonomous path is now on the horizon in 2026” and added that investors are underestimating the major transformation underway. The analyst believes that AI-driven autonomous driving will be the biggest growth chapter in the EV maker’s history.
Shares of the company traded 1% lower in the pre-market session at the time of writing.
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