Wedbush: Musk enters "wartime CEO mode" and maintains a bullish rating on Tesla, Inc. (TSLA.US)

Wedbush Securities reiterates its Outperform rating on Tesla, Inc. (TSLA.US), with the core belief that investors are gradually seeing through the short-term demand issues the company is facing and focusing on long-term value. Analyst Dan Ives points out that Tesla, Inc. is in a leading position in the autonomous driving market and is likely to become the clear leader in the field it is expected that in the next year, its robotaxi business will expand to 30 to 35 cities in the US. Ives and his team also believe that Elon Musk's new compensation plan is crucial, calling the CEO Tesla, Inc.'s "most important asset." There is market observation that Musk has re-dedicated himself to work, entering a "wartime CEO" mode once again. Taking a more macro perspective, Ives sees the upcoming "new chapter in autonomous driving" for Tesla, Inc. as one of the "most important stages in Musk's and the company's development history." He wrote in the report: "We believe, just in terms of valuation in the coming years, the prospects for Tesla, Inc. in the field of artificial intelligence alone are worth $1 trillion." Wedbush has set a target price of $500 for Tesla, Inc. Additionally, after Musk disclosed that he had purchased Tesla, Inc. stocks worth over $1 billion, the stock saw a rapid increase in pre-market trading on Monday, with gains expanding to 8%.