Tesla's Stock Gets a Boost as Wedbush Raises Price Target to a Whopping $500
Wedbush analyst Daniel Ives has set a new Street-high price target for Tesla at $500, citing the massive potential of Tesla's AI and autonomous driving technology. While Tesla faces declining global sales, Ives believes emerging technologies like their upcoming robotaxi service in Austin could add $1 trillion to Tesla's valuation. Despite this optimistic outlook, the consensus among other analysts remains a 'Hold', highlighting the challenges Tesla continues to face.
May 27