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Tesla’s AI Potential Drives Street-High Price Target of $600 from Wedbush’s Daniel Ives
Tesla’s AI Potential Drives Street-High Price Target of $600 from Wedbush’s Daniel Ives
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BTCCSquare news:
Wedbush analyst Daniel Ives raised his price target on Tesla (TSLA) to a Street-high $600, up from $500, maintaining a 'Buy' rating. The revision reflects Tesla's expanding opportunities in artificial intelligence (AI) and autonomous driving, signaling a 42% upside from current levels.
Ives, a top-ranked analyst on TipRanks, argues Tesla is entering a transformative AI-driven phase, with autonomy and robotics leading the charge. 'Investors are underestimating the shift,' he notes, predicting 2026 as a pivotal year for the company's AI revolution.
TSLA shares ROSE 1.4% in pre-market trading following the announcement. Ives' track record includes a 56% success rate and an average return of 15.40% per rating.
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