Wedbush Reiterates Outperform Rating on Tesla (TSLA)

Wedbush analyst Daniel Ives reiterated an Outperform rating and $600.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Heading into 2026 this marks a monster year ahead for Tesla and Musk as the autonomous and robotics chapter begins. We believe the Street is at a crossroads with Tesla as the bulls and bear debate how quickly the Robotaxi era will take shape over the coming year after a successful Austin launch over the past few months. In our view we expect an accelerated Robotaxi launch across the US with importantly volume production of Cybercabs starting in the April/May timeframe. In a nutshell, we believe Tesla is taking major steps in advancing its AI Revolution path with autonomous and robotics front and center heading into 2026 that will be a "game changer and define Tesla's future". We maintain our OUTPERFORM rating and $600 price target."

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Shares of Tesla closed at $459.16 yesterday.

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