Tesla shares can rebound with an era of major autonomous vehicle-related growth on the horizon, according to Wedbush Securities. Analyst Dan Ives upped his price target on the electric vehicle maker by $150 to $500, which suggests shares can surge 46.6% over the next year. This also marks a new high for Tesla price targets on Wall Street, per LSEG. “We believe the golden age of autonomous is now on the doorstep for Tesla with the Austin launch next month kicking off this key next chapter of growth for Musk & Co.,” Ives wrote in a Friday note to clients. “We are raising our price target … reflecting this massive stage of valuation creation ahead.” Ives also reiterated his outperform rating on the stock. The majority of analysts polled by LSEG have similarly bullish ratings, according to LSEG. The analyst noted the stock faced a “dark chapter” earlier this year as CEO Elon Musk’s role leading President Donald Trump’s contentious government efficiency initiative rattled investors. But with Musk bolstering his commitment to leading Tesla, Ives said traders can now shift their focus to the company’s role in what the analyst called the artificial intelligence revolution. Ives said the opportunity tied to AI and autonomous vehicles should be worth at least $1 trillion for Tesla. The company could see its valuation rise near $2 trillion in the next 12 to 18 months, he added. “We believe the vast majority of valuation upside looking ahead for Tesla is centered around the success of its autonomous vision taking hold,” Ives said. He also said the company can be “one of the best pure plays on AI over the next decade.” Shares climbed more than 1% before the bell on Friday. That marks a turn for the stock, which has dropped more than 15% in 2025. TSLA YTD mountain Tesla shares in 2025
