TSLA: Tesla Stock Rises as Wedbush Hikes Target To $600 On AI Growth

Sep 26 - Tesla TSLA gained 1.5% in early Friday trading after Wedbush Securities boosted its price target on the stock to $600. The firm kept its Outperform rating, pointing to what it sees as a faster path toward artificial intelligence developments within the company.

Wedbush analyst Dan Ives said investors still overlook the scale of transformation taking place at Tesla. He highlighted the company's push into autonomy and robotics as central to its strategy heading into 2026, calling it a defining step for Tesla's future.

According to Ives, the AI and autonomous market could bring Tesla an opportunity worth at least $1 trillion. He added that under a Trump White House, regulatory approval for full self-driving and autonomy could speed up, reducing delays that Tesla faced in recent years.

In a bull-case outlook, Wedbush sees Tesla's valuation reaching $2 trillion by early 2026, with potential to hit $3 trillion by the end of that year as production of autonomous and robotics programs scales.

Investors will next watch Tesla's third-quarter delivery numbers in early October, followed by its quarterly earnings report later in the month.