Shares in Tesla (TSLA) stock ended this past week trading higher to end the week after a revised price forecast from Wedbush Securities. The analysts boosted their price target on the stock to $600 while keeping their Outperform rating for the stock. Further, Wedbush said it sees Tesla’s valuation reaching $2 trillion by early 2026, with potential to hit $3 trillion by the end of that year.
Notable Tesla bull Dan Ives believes that investors still overlook the scale of transformation taking place at Tesla. The Wedbush analyst said the company’s push into autonomy and robotics is central to its strategy heading into 2026, and is a promising source of revenue. According to Ives, the AI and autonomous market could bring Tesla an opportunity worth at least $1 trillion. That would be a great opportunity considering the EV giant’s recent struggles with sales, especially in the EU.
Indeed, the EU has been pushing back against Tesla, specifically Musk, in recent years because of this. The Tesla and SpaceX mastermind doesn’t have many fans in Europe, especially the UK, after his political comments and work earlier this year a part of Trump’s cabinet. Coming into Thursday trading, Tesla stock was up about 10% so far this year and up about 74% over the past 12 months.
Furthermore, other Wall Street experts have also raised their forecast for Tesla TSLA stock. Piper Sandler analyst Alexander Potter hiked his price target to $500 from $400 following a visit to China, where the analyst claimed Chinese automakers looked to Tesla for AI and self-driving guidance. Potter noted increasing EV competition, but with respect to “real-world” artificial intelligence, Tesla is the leader, he says. “Bottom line: Tesla remains our top idea for investing in autonomous vehicles and robotics.”
Additionally, Baird market analyst Ben Kallo also recently upgraded TSLA shares to Buy from Hold. The analyst further raised his target to $548 from $320 a share. Overall, 47% of analysts covering the company rate shares Buy, according to FactSet.