<div id="readability-page-1"><p>Dan Ives, a notable analyst at Wedbush Securities, has a $500 price target on <strong>Tesla</strong> <span>(TSLA<span> 3.13%</span>)</span> stock -- the highest of any analyst. Why is he so bullish? It all comes down to a $1 trillion opportunity that he thinks should send Tesla's stock price soaring for years to come.</p>  <h2>Ives loves Tesla's robotaxi division</h2> <p>When it comes to electric car stocks, Tesla is king. The company produces more electric vehicles than any other automaker in North America. But it's not vehicle manufacturing that has Ives excited. Instead, he's brashly optimistic about the prospects for one key division: Tesla's fledgling robotaxi business.</p> <p>&#34;The vast majority of valuation upside looking ahead for Tesla is centered around the success of its autonomous vision taking hold with a key June launch in Austin,&#34; Ives wrote to investors earlier this year. Other Wall Street experts believe Tesla is kick-starting what should become a $10 trillion global robotaxi market. </p> <div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1NTQvZ2V0dHlpbWFnZXMtMTMzMDg4ODkxMi0xMjAxeDY1NS00YjQ2ODcxLTEuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="381" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjU1NTQvZ2V0dHlpbWFnZXMtMTMzMDg4ODkxMi0xMjAxeDY1NS00YjQ2ODcxLTEuanBnJnc9NzAw"/></p><p>Image source: Getty Images.</p> </div> <p>While Tesla's robotaxi division will take years to fully play out, Ives is surprisingly bullish about its near-term impact. Ives believes Tesla &#34;remains the most undervalued AI play in the market today.&#34; He anticipates a $2 trillion valuation for Tesla over the next 12 to 18 months -- double Tesla's current market cap.</p> <p>To be clear, Ives is a clear outlier. The average Wall Street price target for Tesla right now is around $300 -- <em>below</em> Tesla's current trading price. But Ives and other analysts remain excited due to their expectations for Tesla's robotaxi opportunity. Tesla has the capital, manufacturing capacity, and brand name recognition to pull it off. But the timeline could be more stretched than Ives and others believe. Ives has dramatically increased and decreased his price targets in the past, so investors should conduct their own research and form their own conclusions.</p>                                                                            </div>

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<p>Dan Ives, an analyst at Wedbush Securities, has set a $500 price target for Tesla, citing a $1 trillion opportunity in its robotaxi division as the main reason for his bullish outlook. He believes Tesla's autonomous vision will significantly increase its valuation, potentially reaching $2 trillion in the next 12 to 18 months. While the average Wall Street target is around $300, Ives and others are optimistic about the robotaxi market's potential, despite the timeline for success being uncertain. Investors are advised to conduct their own research.</p>

- Dan Ives, an analyst at Wedbush Securities, has set a $500 price target for Tesla, citing a $1 trillion opportunity in the robotaxi market as a key driver.  
- He believes Tesla's autonomous vision, particularly with a June launch in Austin, will significantly enhance its valuation, projecting a $2 trillion market cap within 12 to 18 months.  
- While Ives stands out with his bullish outlook, the average Wall Street price target for Tesla is around $300, indicating a divergence in analyst expectations.

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Why Is Wall Street So Bullish on Tesla? Here's the $1 Trillion Reason