Tesla Stock Rally Outpaces Wall Street Targets as AI Optimism Grows
Tesla shares have surged 27% in September, outpacing analysts' average price target of $340 as bullish sentiment shifts from EV sales to AI and robotaxis. Wedbush raised its target to $600, citing Elon Musk's leadership in driving Tesla's next growth phase.
Investor focus may temporarily return to fundamentals with Q3 delivery data due next week. The disconnect between market momentum and analyst targets highlights evolving perceptions of Tesla's valuation drivers.