Wedbush raises Tesla’s (TSLA.O) PT to $600 from $500 on AI and autonomous opportunity for co with roll-out of Robotaxis
New PT represents 41.7% premium on stock’s last close
“We estimate the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla,” Wedbush says
Says it expects Robotaxis to be rolled out aggressively to over 30 U.S. cities within next year and key initiatives will get fast-tracked under Trump’s administration
“We believe Tesla could reach a $2 trillion market cap early 2026 in a bull case scenario and $3 trillion by the end of 2026 as full scale volume production begins of the autonomous and robotics roadmap,” Wedbush says
24 of 54 brokerages rate stock “buy” or higher, 19 “hold” and 11 “sell” or lower; their median PT is $329 - data compiled by LSEG
As of last close, shares up about 5% YTD

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Wedbush has raised Tesla's price target to $600 from $500, citing significant AI and autonomous opportunities, particularly with the rollout of Robotaxis. This new target reflects a 41.7% premium on the stock's last close. Wedbush estimates the AI and autonomous market could be worth at least $1 trillion for Tesla and anticipates aggressive Robotaxi deployment in over 30 U.S. cities within the next year. They project Tesla's market cap could reach $2 trillion by early 2026 and $3 trillion by the end of 2026, as production ramps up.

- Wedbush has raised Tesla's price target to $600 from $500, citing significant AI and autonomous opportunities, particularly with the rollout of Robotaxis.  
- The new price target indicates a 41.7% premium over the stock's last close, with estimates suggesting the AI and autonomous market could be worth at least $1 trillion for Tesla.  
- The firm anticipates aggressive Robotaxi deployment in over 30 U.S. cities within the next year, projecting a potential market cap of $2 trillion by early 2026 under favorable conditions.  

BUZZ-Wedbush raises Tesla's PT on AI and autonomous opportunity with Robotaxis