Tesla stock gets huge price target hike as Wedbush hails robotaxis
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Tesla (TSLA-3.33%) might have been in the news recently for all the wrong reasons, but that’s not stopping Wedbush from issuing one of Wall Street’s most bullish calls on the company in months.
In a note Friday morning, analyst Dan Ives raised Tesla’s price target from $350 to $500, saying “the golden age of autonomous is now on the doorstep for Tesla.” The price hike is part of Ives’ larger vision for the company: a possible $2 trillion market cap by the end of 2026 in a “bull case scenario.”
The potential catalyst? The long-promised launch of Tesla’s robotaxi service, which CEO Elon Musk claims will debut in Austin by the end of June — a “key next…
