Tesla Stock Reaches New High with Wedbush Analyst Raising Price Target to $600

Wedbush analyst Dan Ives has raised his Tesla price target to $600 from $500 a share, the highest on Wall Street. Ives maintains his Buy rating on the stock. This comes as the average Buy-rating ratio for stocks in the S&P 500 is around 55%.

In a significant move for Tesla Inc. (TSLA), Wedbush Securities analyst Dan Ives has elevated his price target to $600 per share, the highest on Wall Street. Ives maintains his "Outperform" rating on the stock, underscoring his bullish stance on Tesla's future prospects Wedbush Analyst Lifts Tesla Price Target to $600, Eyes $3T AI Valuation by 2026^[1].

The upgrade comes as Tesla continues to push the boundaries of electric vehicles (EVs) and artificial intelligence (AI). Ives believes that Tesla's advancements in autonomous driving technology, including the anticipated rollout of robotaxis, represent a transformative chapter for the company. He estimates that this AI and autonomous opportunity alone could be worth $1 trillion to Tesla, dwarfing its current electric vehicle business Wedbush Analyst Lifts Tesla Price Target to $600, Eyes $3T AI Valuation by 2026^[1].

Ives' optimism is rooted in Tesla's edge in full self-driving (FSD) software and the Optimus humanoid robot project, slated for broader deployment in 2026. These elements position Tesla not just as an automaker but as a leader in robotics and AI infrastructure, potentially adding hundreds of billions to its valuation Wedbush Analyst Lifts Tesla Price Target to $600, Eyes $3T AI Valuation by 2026^[1].

The market has reacted positively to Ives' upgrade, with Tesla shares climbing in pre-market trading following the announcement. As of September 26, 2025, shares were up over 3% Wedbush Analyst Lifts Tesla Price Target to $600, Eyes $3T AI Valuation by 2026^[1]. Other analysts have also raised their forecasts for Tesla, with Piper Sandler analyst Alexander Potter hiking his target to $500 from $400 and Baird market analyst Ben Kallo upgrading TSLA shares to Buy from Hold Tesla (TSLA) Stock Rallies, Wedbush Raises Forecast to $600 ATH^[2].

However, the path to $600 is not without challenges. Earlier in 2025, Ives had slashed his target to $315 amid political turbulence and concerns over shrinking vehicle deliveries. Critics question the feasibility of rapid robotaxi scaling, pointing to regulatory hurdles and competition from players like Waymo Wedbush Analyst Lifts Tesla Price Target to $600, Eyes $3T AI Valuation by 2026^[1].

Despite these risks, Ives projects a path to a $2 trillion to $3 trillion market cap by 2026, driven by Tesla's unmatched battery ecosystem and software prowess. He draws parallels to the AI revolutions at companies like Nvidia, suggesting Tesla's integration of hardware and AI could yield similar explosive growth Wedbush Analyst Lifts Tesla Price Target to $600, Eyes $3T AI Valuation by 2026^[1].

For investors, monitoring Tesla's AI milestones and delivery figures will be crucial. The company's next earnings call will provide further insights into its progress and validate or challenge the rosy outlook. While the stock's volatility is a consideration, Ives' history of accurate predictions lends credibility to his latest target hike.