Reported 3 days ago
Wedbush has increased its price target for Tesla Inc. (TSLA) from $350 to $500, maintaining an Outperform rating. The firm expresses optimism over Elon Musk's renewed commitment to Tesla's future in AI and autonomous technology, particularly highlighting the upcoming launch of Tesla's autonomous robotaxi. Despite challenges in revitalizing Model Y growth in China and Europe, Wedbush believes Tesla is well-positioned to become a leader in AI over the next decade.
Source: YAHOO