Wedbush's Dan Ives reiterates $600 Tesla target — sees 85% upside in 12 months
Wedbush analyst Dan Ives reaffirmed his $600 price target on Tesla, implying roughly 85% upside over the next 12 months — grounded in robotaxi network expansion, FSD software monetization, and Optimus scaling toward 1 million units a year. The bullish call stands even as the stock has pulled back this year.
As Tesla shares have pulled back through 2026, Wedbush's Dan Ives — one of Wall Street's most prominent Tesla bulls — reaffirmed his $600 price target, according to 24/7 Wall St. That implies roughly 85% upside from current levels.
Ives' thesis leans away from car sales and toward Tesla's autonomy and robotics pivot. He points to robotaxi network expansion and FSD software monetization as the core valuation drivers, with Optimus humanoid robots scaling toward 1 million units annually as a longer-term catalyst.
The call cuts against the recent market mood: Tesla shares have faced weeks of pressure, and some analysts — including Piper Sandler, which cut its target from $500 to $450 the same day — have turned more cautious. Ives held his line regardless.
The $600 figure remains one analyst's forecast, not a guarantee — its realization hinges on how fast robotaxi commercialization, FSD subscription growth, and Optimus production ramp actually play out.
Summaries are prepared by the Tesla Briefing editorial team and may not capture every nuance of the original reporting. You are solely responsible for your own investment decisions.