Tesla, Inc. (TSLA.US) has been upgraded by Wedbush to a street-high target price of $600, with the biggest highlight being the opportunity in AI.

Wedbush has significantly raised its price target for Tesla, Inc. (TSLA.US) to $600 and maintains an "outperform" rating, with the core logic being that its accelerated development in artificial intelligence is about to reach a crucial breakthrough. Analyst Dan Ives pointed out that the market severely underestimates Tesla, Inc.'s transformation potential - autonomous driving and Siasun Robot & Automation technology will become core strategic pillars by 2026, and this "game-changer" will directly determine the company's future direction. The Ives team estimates that AI and autonomous driving alone will contribute at least $1 trillion in valuation to Tesla, Inc., and in the next year of the Trump administration, Tesla, Inc.'s core projects around FSD/autonomous driving are expected to accelerate as the federal regulatory "spider web" that has tangled the company in recent years is expected to be dismantled more quickly. Wedbush believes that in a bull market scenario, Tesla, Inc. could reach a market value of $2 trillion by early 2026, with further potential to increase to $3 trillion by the end of the year as autonomous driving and Siasun Robot & Automation go into mass production. Recent declines in sales in Europe have put pressure on Tesla, Inc.'s stock price, with a 4.4% decline on Thursday. As of the time of writing, the stock has rebounded by 1.50% to $429.60. The focus going forward will be on October - Tesla, Inc. will release third-quarter delivery data in early October, and later in October, will disclose third-quarter earnings.