Lates News

Wade Bush Securities analyst Dan Ives raised Tesla's price target from $350 to $500 in a report on Friday, stating that "the golden age of autonomous driving is now at Tesla's doorstep." He predicts that the company's market value could reach $2 trillion by the end of 2026 in a "bull market scenario." Ives believes that Tesla is still the most undervalued artificial intelligence company in the market. The value of artificial intelligence and autonomous driving technology for Tesla is at least $1 trillion. The company's Full Self-Driving (FSD) software has recently been more widely promoted. Wade Bush suggests that Tesla may see FSD adoption rates exceeding 50%, "changing Tesla's future financial model/profit margins."