Tesla Gets A Price Target Hike From Wedbush's Dan Ives Check Out The New Level

2025-09-26 08:10:20

(MENAFN- AsiaNet News)

Wedbush analyst Daniel Ives on Friday raised the price target on EV giant Tesla (TSLA) to $600 from $500 and kept an 'Outperform' rating, according to TheFly, citing faith in the company's artificial intelligence and autonomous driving initiatives.

The new price target implies an upside of about 42% from the stock's closing price on Thursday.

Ives said in a post on X that an“accelerated AI autonomous path is now on the horizon in 2026” and added that investors are underestimating the major transformation underway. The analyst believes that AI-driven autonomous driving will be the biggest growth chapter in the EV maker's history.

Screenshot of Ives' post on X

Shares of the company traded 1% lower in the pre-market session at the time of writing.

Get updates to this developing story <directly on Stocktwits.

MENAFN26092025007385015968ID1110115306

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.