Tesla Stock Surges as Wedbush Raises Price Target to $600, Eyes $2 Trillion Valuation
Tesla shares closed higher last week following a bullish revision from Wedbush Securities, which raised its price target to $600 and maintained an Outperform rating. The firm projects Tesla's valuation could reach $2 trillion by early 2026, with potential to hit $3 trillion by year-end.
Analyst Dan Ives emphasized Tesla's overlooked transformation, particularly in autonomy and robotics, which he estimates could unlock a $1 trillion revenue opportunity. This Optimism contrasts with recent sales challenges in the EU, where regulatory and political headwinds persist.
Year-to-date, Tesla stock has gained 10%, with a 74% surge over the past 12 months. Piper Sandler joined the bullish chorus, further elevating market sentiment toward the EV pioneer.
