Tesla: Wedbush Analyst Dan Ives Raises Price Target to 500 USD. The Golden Age of Autonomous Driving Begins. Tesla is an Undervalued AI Stock!
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Dan Ives from the investment firm Wedbush spread over social media that they believe a golden age of autonomous driving for Tesla (i) (TSLA) is now at hand. The trigger for this is the planned launch of Tesla's robotaxi service in Austin. Just this week, Elon Musk confirmed the launch for June. Ten vehicles will be available, with an expansion to 1,000 vehicles aimed for the following months. This new growth capital is the reason why Tesla bull Dan Ives raised the price target to 500 USD. Ives no longer sees Tesla primarily as a traditional car...
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