Tesla Stock (TSLA) Target Raised to $600, Wedbush Continue To Move Bar Higher

Tesla Inc. (NASDAQ: TSLA) has seen its price target significantly increased by Wedbush analyst Dan Ives, who now projects a $600 valuation, reflecting a bullish outlook on the company's advancements in artificial intelligence and robotics. 

The stock is currently trading at $430, in the pre-market, with the upside to the new price target a substantial potential upside for investors who believe in Tesla's AI-driven transformation.

Ives' increased confidence stems from the belief that markets are underestimating the significant strides Tesla is making in AI, particularly in autonomous driving and robotics. He emphasizes that these areas will be pivotal in shaping Tesla's future, especially as the company moves closer to 2026. The firm views Tesla as 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.

Throughout 2025, Ives has adjusted his price targets for Tesla multiple times, reflecting the company's dynamic environment. In January 2025, he raised the target to $550, citing increased confidence in demand and autonomous driving initiatives, anticipating favorable policies under the Trump administration. However, by April 2025, he lowered the target to $315, influenced by a “brand crisis” and the impact of tariffs. This was followed by another increase to $500 in June 2025, based on renewed confidence in Tesla's strategic direction and autonomous vehicle potential.

Tesla's AI and robotics initiatives, particularly the Optimus humanoid robot project, play a significant role in Ives' valuation. While the initial $550 target in January did not fully account for Optimus, the recent increase to $600 reflects a growing recognition of its potential impact. Tesla's ability to successfully develop and commercialize advanced AI and robotics technologies could significantly enhance its long-term growth prospects.