Tesla Super Bull Boosts Price Target to $500, Sees “Golden Age Of Autonomy”

Daniel Ives, an analyst at Wedbush Securities, has increased his 12-month price target for Tesla to $500, up from $350. The reason for this upgrade is the imminent launch of Tesla’s autonomous ride-hailing Cybercabs, which Ives sees as a major catalyst for what he calls the “golden age of autonomy.”

According to Ives, the launch of Tesla’s Full Self-Driving (FSD) technology and the upcoming Cybercab initiative are crucial for future margin expansion and potential valuation growth. He also highlights the positive impact of Elon Musk distancing himself from DOGE and the possibility of the Trump administration easing regulatory obstacles, which could accelerate Tesla’s FSD and AI objectives.

Ives describes Tesla as an undervalued player in artificial intelligence (AI) and predicts that the company will become a significant AI winner alongside other tech giants like Nvidia, Microsoft, and Amazon. Additionally, he foresees Tesla evolving into a disruptive tech and robotics firm, with the potential to license its autonomous technology globally.

Looking ahead, Ives believes Tesla has the opportunity to dominate the autonomous market and eventually license its technology to other automakers worldwide. He envisions Tesla reaching a market cap of $2 trillion by the end of 2026 in an optimistic scenario, emphasizing the long-term vision and strategic growth potential of the company.

As we approach the mid-2020s, the focus is shifting towards the technologies and companies that could lead the way into the 2030s. Tesla, under the leadership of Elon Musk, stands out as a key player in various cutting-edge fields such as electric vehicles, AI, space technologies, and neural interfaces. The company’s broad technological portfolio positions it uniquely for future dominance in critical sectors essential for U.S. competitiveness.

In a rapidly evolving global landscape, characterized by technological innovation and geopolitical shifts, the U.S. must encourage the emergence of more companies like Tesla to maintain its strategic advantage. The competition in autonomy is already underway, as demonstrated by China’s advancements in robotaxi technology. It is crucial for the U.S. to foster innovation and secure its position in key industries to shape the future economic and security landscape.