Tesla, Inc. ( NASDAQ: TSLA) bull and Wedbush tech expert Dan Ives anticipates the EV maker to increase its evaluation from $2 trillion to $3 trillion throughout 2026.
Developments in AI and self-governing automobiles will make an “historic 2026,” Ives informed CNBC on Thursday.
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Ives just recently raised his cost target for Tesla shares from $500 to a “conservative” $600. The Elon Musk– led business is among the “finest AI plays over the next couple of years,” he includes.
Ives’ analysis concentrates on Tesla’s broadening robotaxi network– anticipated in 35 cities next year– sped up advancement of self-governing functions, and the commercialization of robotics.
The AI and self-governing car market, together, provides a minimum of a $1 trillion chance for Tesla in the near term, he states. Extra benefit will originate from its robotics roadmap– most especially the Optimus humanoid robotics.
A beneficial regulative environment under the Trump administration assists, too. He anticipates the U.S. to accelerate approvals for self-governing automobiles and robotics to keep an edge in the worldwide AI race.
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