Overview

• Wedbush’s Dan Ives raised Tesla’s target to $600 from $500 and reiterated an Outperform rating, citing an accelerated path in autonomy and robotics.
• Tesla shares have climbed about 22% over the past 30 days, extending a multi‑week rally that has outpaced many prior analyst targets.
• Baird recently boosted its target to $548 and Piper Sandler to $500, while Deutsche Bank moved to $435 as coverage increasingly factors AI and robotics.
• Ives forecasts robotaxi service expansion to more than 30 U.S. cities within the next year and projects a $2 trillion market cap early next year and $3 trillion by late 2026, which remain speculative.
• Context for the bullish turn includes a board pay plan tied to 1 million robotaxis, 1 million humanoid bots and market‑cap goals up to $8.5 trillion, plus Elon Musk’s purchase of over 2.5 million shares valued near $1 billion.