Dan Ives Calls Tesla's Austin Robotaxi Launch A 'Watershed Moment,' Maintains Bullish Views On Tesla
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Wedbush Securities analyst Dan Ives remains bullish on Tesla, calling the upcoming Austin Robotaxi launch a 'watershed moment.' He notes a shift in Elon Musk's focus towards Tesla and its autonomous driving initiatives. Ives predicts a trillion-dollar market cap for Tesla driven by these developments. He believes Musk's reduced political involvement has positively impacted Tesla's brand image and investor confidence. The rollout of Robotaxis in Austin is set for June, with plans to scale up to 1,000 vehicles. Musk also hinted at a proprietary ride-sharing platform for Tesla owners.
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