Tesla’s AI and Self-Driving Focus Marks ’Most Important Chapter Ever’, Says Analyst
Wedbush analyst Dan Ives has labeled Tesla's pivot to artificial intelligence and autonomous driving as the company's defining moment. With Elon Musk's $1 trillion compensation package secured, Ives argues investors should focus on Tesla's AI ambitions, maintaining a $600 price target—the highest on Wall Street.
The approval of Musk's pay plan signals full-speed ahead for Tesla's robotaxi and self-driving initiatives. Current testing in Austin and San Francisco will soon remove safety drivers, with expansions planned for Miami, Dallas, Phoenix, and Las Vegas. Production of the Cybercab robotaxi is slated for April 2026.