
Wedbush Securities has been a long-time Tesla bull, with analysts like Daniel Ives consistently raising their price targets over the years.
In 2020, Wedbush Securities raised its price target on Tesla to $1,000 per share, citing the company's strong sales growth and expanding product lineup.
Wedbush analysts have also highlighted Tesla's competitive advantage in the electric vehicle (EV) market, with a strong brand and a wide range of products that appeal to a broad customer base.
Tesla's market capitalization has grown significantly over the years, reaching over $1 trillion in 2021, making it one of the largest companies in the world.
On a similar theme: Wedbush Securities Los Angeles
Tesla Stock Performance
Tesla Stock Performance is on the rise, hitting an all-time high of $449.39. This is thanks in part to Wedbush's latest price target increase to $515.
Wedbush's analysts believe Tesla's autonomous driving and AI endeavors will fundamentally change under the incoming Trump administration. They estimate the potential value of Tesla's full self-driving (FSD) and AI developments at no less than $1 trillion.
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Tesla's stock has experienced an impressive gain of nearly 80% this year, driven by strong market enthusiasm for the company's strategic direction and perceived positive impact of political changes on its business model.
Dan Ives of Wedbush Securities has long been one of Tesla's biggest bulls, recently raising his price target from $275 to $300. He sees the Q2 delivery report as a "major turning point" and highlights Tesla's use of artificial intelligence (AI) as a severely undervalued AI play with extremely high potential.
Despite the recent delivery beat, Tesla is still facing an economic landscape in which its competitors are growing quickly and gunning for its market share.
Analyst Insights and Predictions
Dan Ives, a Wedbush analyst, expects Tesla to beat Wall Street's delivery estimates for Q3, predicting a number between 465k and 470k units.
Tesla's delivery performance in the second half of the year is expected to be strong, with China being a key driver of growth.

Ives believes Tesla can reach 1.8 million deliveries for the year if it manages to report a beat for Q3.
Tesla's deliveries in China are up 19.9% compared to last quarter and 18.5% compared to the same quarter last year.
China is expected to be the star of the show this quarter, with Tesla seeing 13,800 new vehicle registrations in Q3's second to last week.
Wedbush has maintained its 'Outperform' rating on Tesla's stock and its $300 price target.
Tesla's stock has hit an all-time high of $449.39, bolstered by Wedbush's latest price target increase to $515.
Wedbush's analysts estimate the potential value of Tesla's full self-driving (FSD) and AI developments at no less than $1 trillion.
The analysts foresee Tesla potentially reaching a $2 trillion market capitalization by the end of 2025.
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Market Analysis and Catalysts
Wedbush analyst Ives has set a high price target for Tesla, citing several catalysts that could drive the stock up.

Ives believes that Tesla's full self-driving (FSD) technology will gain greater acceptance under Trump's leadership, thanks to Elon Musk's close ties with the president.
Tesla is poised to capitalize on the $1 trillion opportunity in the AI and autonomous vehicle markets.
A recovery in demand in China, advancements in Tesla's autonomous vehicles segment, and the Cybercab project could all contribute to Tesla's growing valuation.
Ives' model excludes any potential boost from Tesla's Optimus humanoid robot project, but still predicts a market cap of $2 trillion by the end of 2025.
Tesla is working on reducing production costs to launch a budget-friendly EV in early 2025, which could bolster its auto demand and competitive position in the market.
Here are some key catalysts for Tesla's growth:
- Tesla's FSD technology gaining greater acceptance under Trump's leadership
- Recovery in demand in China and advancements in autonomous vehicles segment
- Cybercab project and launch of a budget-friendly EV in early 2025
These factors combined could drive Tesla's stock up and make it a leader in the EV market.
Investment Decisions
TSLA stock has been on the rise, up 4% as of this writing, and its current trajectory suggests it will keep going up.

Dan Ives of Wedbush Securities has a "buy" rating for TSLA and thinks it's a severely undervalued AI play with extremely high potential.
Tesla's use of AI is a major factor in its growth prospects, according to Ives, who recently raised his price target from $275 to $300, implying an upside potential of almost 25%.
However, not everyone is optimistic about Tesla's growth prospects, with InvestorPlace contributor Marc Guberti flagging the company's declining sales as a major point of concern.
Tesla is losing market share in China, a critical market, as Chinese EV makers rise to the occasion.
A 51 P/E ratio is excessive for an automobile company with profit margins that resemble other car companies, making Tesla stock a potentially overvalued investment.
Despite the delivery beat, production is down more than 14% from where it came in one year ago, and deliveries are down almost 5% for the same period.
Additional reading: Daniel Ives Wedbush
News and Updates
Tesla's stock has reached an all-time high of $449.39, thanks to Wedbush's latest price target boost.

This is after the investment firm raised its target to $515 from $400, projecting a "bull case" scenario of $650 for next year.
Wedbush's analysts are optimistic about Tesla's future, attributing their optimism to anticipated benefits under the incoming Trump administration.
They estimate the potential value of Tesla's full self-driving (FSD) and AI developments at no less than $1 trillion.
Tesla's shares remained up 2.47% at $447.00 after hitting a record high, with the company experiencing an impressive gain of nearly 80% this year.
This gain is driven by strong market enthusiasm for Tesla's strategic direction and the perceived positive impact of political changes on its business model.
Wedbush maintained an "outperform" rating on Tesla's stock, suggesting confidence in the company's growth trajectory under the new administration's policies.
The analysts foresee Tesla potentially reaching a $2 trillion market capitalization by the end of 2025, fueled by advancements in autonomous technology and strong EV delivery growth in China.
Government Impact
The government's impact on Tesla's future is a significant factor to consider. Wedbush analysts believe that the Trump administration will be a "total game changer" for Tesla, particularly in the areas of autonomous and AI technology.
The analysts estimate that the full self-driving (FSD) and AI opportunity is worth at least $1 trillion alone. This is a staggering figure that could have a major impact on Tesla's market cap.
Wedbush expects the Trump administration to fast-track initiatives related to FSD and autonomous driving, clearing the regulatory hurdles that have held Tesla back in the past. This could lead to significant growth for the company.
Shares of Tesla have already seen a significant increase in value this year, with a gain of more than three-quarters of their value. This suggests that investors are optimistic about the company's future prospects.
Here's a brief summary of the analysts' predictions:
Key Takeaways
Wedbush raised its price target on Tesla stock to $515 from $400, citing a boost from the new Trump administration's support for Tesla's self-driving and artificial intelligence efforts.

Shares of Tesla traded at a fresh all-time high after the price target increase.
Wedbush's analysts believe Tesla's stock could hit $650 by the end of next year, making it an attractive investment opportunity.
Here are the key takeaways from Wedbush's latest price target increase:
- Price target increased to $515 from $400
- Bull case scenario: $650 by the end of next year
- Tesla shares traded at a fresh all-time high
Frequently Asked Questions
What if I invested $1000 in Tesla 10 years ago?
If you invested $1,000 in Tesla 10 years ago, it would be worth approximately $12,158.40 today, representing a remarkable 28.34% annual return. This impressive growth highlights the potential of investing in innovative companies like Tesla.
Sources
- https://www.investopedia.com/tesla-stock-hits-new-all-time-high-as-wedbush-boosts-price-target-again-8761863
- https://www.teslarati.com/tesla-tsla-wedbush-expects-delivery-beat-q3/
- https://www.tipranks.com/news/tesla-gets-a-new-street-high-price-target-from-wedbush-securities
- https://wallstreetpit.com/121438-teslas-stock-hits-all-time-high-on-wedbushs-latest-price-target-boost/
- https://investorplace.com/2024/07/wedbush-just-raised-its-tesla-tsla-stock-price-target-because-of-ai/
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