Tesla (TSLA) Primed for 40% Surge—Here’s Why One Analyst is Betting Big

Elon’s favorite rollercoaster stock might be gearing up for another wild ride. A bullish analyst just slapped a 40% upside target on TSLA—because nothing says ’stable investment’ like a company that pivots from cars to robots between earnings calls.

Battery breakthroughs? AI hype? Or just another case of Wall Street sniffing hopium? Either way, Tesla’s chart is looking tastier than a Cybertruck’s stainless-steel edges.

Just remember: in the land of meme stocks and cult CEOs, ’fundamentals’ are just that thing you ignore while chasing momentum.

Tesla Eyes Continued Rebound as Analysts Have High Hopes For One Big Reason

This week, Tesla unveiled its Q1 earnings report, and the data certainly underperformed. That didn’t harm the stock, however, as this share price had an adverse reaction to the announcement. Interestingly, many analysts perceived the moment to be important in the asset’s turnaround for the rest of the year.

The EV manufacturer has already jumped more than 7% on Friday as it continues its 15% jump over the last 5 days. That could be the start of a significant turnaround, as Tesla is facing another potential 40% increase, with experts pointing to unique upside emerging for the stock.

Wedbush analyst Daniel Ives recently increased the company’s stock target to $350, when it was trading at just $250 at the time of the report. Moreover, Ives’s outlook was increased from his previous $315 projection. Additionally, he gave the stock an outperform rating amid recent developments.

Although the report highlighted a “disaster quarter” for the firm, there was a massive point of emphasis for Ives. “We saw a dialed-in Musk on the conference call we have rarely seen in the past,” he said. “Some of the brand damage will slowly go away… but importantly, Tesla got back its biggest asset… Musk.”

The CEO confirmed that he was taking a step back from his position atop US President Donald Trump’s Doge commission. “Starting next month, I will be allocating far more of my time to Tesla,” he said. “The major work of establishing the Department of Government Efficiency is done.”