Wedbush analyst Dan Ives raised his price target on Tesla to $500 from $350, calling it the beginning of the “golden age of autonomous," according to Ives' post on X. He cited the upcoming Austin launch as a key growth catalyst and predicted massive valuation creation as Tesla advances its autonomous tech. Tesla shares are trading at 158.73 times their projected 2026 earnings, according to Benzinga Pro. This makes Tesla about 6.16 times more expensive than the industry average forward price-to-earnings ratio of 25.75. Tesla shares have rebounded sharply, gaining 36.01% in the past month and 96.29% over the year despite being down 10.08% year-to-date.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Wedbush analyst Dan Ives raised his price target on Tesla to $500 for $350,
00:07calling the beginning of the golden age of autonomous, according to IvesPost.x.
00:11He cited the upcoming Austin launches of key growth catalysts and predicted massive valuation
00:16creation as Tesla advances his autonomous tech. Tesla shares are trading at 158.73
00:21times their projected 2026 earnings, according to Benzinga Pro. This makes Tesla about 6.16
00:28times more expensive than the industry average forward price to earnings ratio of 25.75.
00:34Tesla shares have rebounded sharply, gaining 36.1% this month and 96.29% over the year,
00:41despite being down 10.08% year to date. For all things money, visit Benzinga.com slash GSTV.