Ives raises Tesla price target to Wall Street high of $600

The Wedbush analyst said investors are “underestimating the transformation underway at the company” regarding AI.

9/26/25 8:53AM

Wedbush Securities analyst and Tesla bull Dan Ives raised his price target for the company to a Wall Street high of $600 from $500 “to reflect our view that an accelerated AI path for the company is now on the horizon and investors are underestimating the transformation underway at the company.” He added, “We believe Tesla is taking major steps in advancing its AI Revolution path with autonomous and robotics front and center heading into 2026 that will be a game changer and define Tesla’s future.”

Tesla is up 1.5% premarket to $429.55 a share, so shares would have to rise roughly 40% to reach that price target.

Just a week ago, Baird analyst Ben Kallo raised his price target for Tesla to $548 (from $320), which was the previous Wall Street high.

Ives said he expects Tesla’s robotaxis to quickly roll out to more than 30 US cities within the next year. On Tesla’s last earnings call, CEO Elon Musk said he expected autonomous ride-hailing to be available to half the US population by the end of this year. Currently, Tesla is operating about 30 autonomous taxis with human safety monitors in the passenger seat in Austin. The company has expanded a more general ride-hailing service, where a Tesla driver sits in the driver’s seat and engages supervised Full Self-Driving, in the Bay Area. It’s currently testing autonomous vehicles in California and Nevada.

Ives is also forecasting that Tesla, which currently has a market cap of $1.3 trillion, will reach a $2 trillion market cap early next year and join the $3 trillion club by the end of 2026 “as full scale volume production begins of the autonomous and robotics roadmap.”

Of course, for Musk to receive his full $1 trillion pay package, he’ll have to push the company’s market cap to a whopping $8.5 trillion in 10 years, making $2 trillion or $3 trillion feel more realistic.

Tom Jones

fatcatgpt

OpenAI is now valued at $852 billion — that’s about 5 Disneys

The company just closed out the biggest funding round in Silicon Valley history, raising $122 billion.

Sam Altman at BlackRock Infrastructure Summit Held In Washington, DC

Claire Yubin Oh

waymo’s world

3/30/26

Waymo’s now serving more than 500,000 paid robotaxi rides every week

The Alphabet-owned company grew its ridership more than tenfold in less than two years.

Waymo Self-Driving Electric Car Sighted In London

Jon Keegan3/27/26

Judge blocks Pentagon’s move to blacklist Anthropic

A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk.

The ruling temporarily prevents the Defense Department from restricting the AI company’s access to federal contracts amid a dispute over its refusal to allow certain military and surveillance uses of its technology. The designation could also have shifted lucrative government work toward competitors, including OpenAI.

Earlier this month, Anthropic, the company behind Claude, sued 17 federal agencies and their heads, alleging the government exceeded its statutory authority.

Rani Molla3/27/26

Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders

SpaceX’s impending IPO could raise $40 billion to $80 billion and rank as the largest ever — as well as one of the most unconventional.

The Wall Street Journal reports several ways CEO Elon Musk is considering breaking with IPO norms:

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Investors in his other companies, including Tesla, could receive preferential access to shares.
Individual investors may get a third or more of the allocation, far above the typical ~10% mark.
Instead of a traditional road show, Musk wants investors to visit SpaceX facilities in person.

Rani Molla3/26/26

Tesla released estimates for Q1 deliveries and they’re lower than analysts expected

Ahead of first-quarter earnings next month, Tesla released its own company-compiled Wall Street consensus estimate for deliveries: 365,645 vehicles. While that’s lower than the 382,000 FactSet consensus estimate, it represents a nearly 9% jump from Q1 2025, when Tesla sold 336,681 vehicles.

Tesla started releasing its own consensus estimates to the public — not just institutional investors — for the first time in Q4 2025. The move was seen as a way to temper investor expectations, as other estimates were too high. Last quarter, Tesla’s compilation was closer to actual numbers, which fell 16% year over year.

The market-implied odds from event contracts suggest 64% of traders think Tesla’s Q1 deliveries will be more than 350,000, 44% think it will be higher than 360,000, and just 21% have it at higher than 370,000.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Ives raises Tesla price target to Wall Street high of $600

More Tech

Judge blocks Pentagon’s move to blacklist Anthropic

Report: SpaceX’s record IPO may grant preferential access to retail investors and Tesla shareholders

Exclusive | The SpaceX IPO Will Be Just as Unconventional as Musk Himself

Tesla released estimates for Q1 deliveries and they’re lower than analysts expected

Latest Stories