Wedbush Securities predicts Tesla Motors (TSLA.US) will deliver exceptional performance in the near future. The market is currently engaged in a heated debate between bulls and bears over how quickly the "Robotaxi" era will materialize in the next year. Notably, Tesla's autonomous taxi service made its successful debut in Austin just months ago.
Wedbush analyst Dan Ives stated, "We anticipate Tesla will accelerate the rollout of its Robotaxi service across the U.S., with the Cybercab mass production plan set to launch in April/May. In short, Tesla is making significant strides in advancing its AI revolution, where autonomous driving and robotics will become core growth drivers—a game-changing development that will define its future trajectory."
Ives reiterated an "Outperform" rating on Tesla, emphasizing that its AI and autonomous driving opportunities alone represent at least a $1 trillion valuation. Key initiatives are expected to gain momentum over the next three to six months as federal regulatory hurdles related to Full Self-Driving (FSD) and automation—persistent in recent years—are resolved.
The firm projects Tesla's market capitalization will exceed $2 trillion within a year, potentially reaching $3 trillion by late 2026 under an optimistic scenario. By then, Tesla could dominate roughly 70% of the global autonomous driving market as its full-scale production of self-driving and robotics technologies takes hold.
Ives added, "Over the next decade, we expect Tesla to capture about 70% of the global autonomous driving market, as no other company can match its scale, influence, or expanding AI ecosystem."
At the time of writing, Tesla shares rose 1.1% in pre-market trading to $463.87, with a 52-week range of $214.25 to $488.54. The company's current market cap stands at over $1.53 trillion.
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