Usman Salis
Tesla's getting another look from Wall Street, and this time it's not just about electric cars. Analysts are waking up to what could be Tesla's biggest transformation yet - turning all that self-driving tech and robot development into serious money. The stock's climbing because investors are starting to see Tesla as something much bigger than an automaker.
The Upgrade Wave
Romeo caught Tesla ($TSLA) climbing to $426.69 in pre-market, up $3.30 after some heavy-hitting analyst calls. Wedbush's Dan Ives cranked his price target from $500 straight to $600, keeping his Outperform rating. His reasoning? Tesla's AI game is accelerating faster than expected, especially in autonomous driving and robotics.
Deutsche Bank wasn't sitting on the sidelines either, bumping their target from $345 to $435 with a Buy rating. They're pointing to Q3 delivery numbers that beat expectations and Elon Musk's laser focus on robotaxis and that Optimus humanoid robot everyone's been talking about.
Beyond Cars: The AI Play
Here's where things get interesting - Tesla isn't just building better EVs anymore:
- Robotaxi rollout: Analysts expect Tesla's robotaxi service to hit 30+ US cities within a year, turning all that self-driving research into actual revenue
- Political tailwinds: Some think a Trump administration might cut through regulatory red tape faster
- Optimus potential: That humanoid robot project could become a massive industrial automation play
Wedbush is throwing around some wild numbers here - they think Tesla's AI and robotics could add over $1 trillion in value, potentially pushing the company toward a $2-3 trillion market cap by 2026 if they execute right.
The chart's backing up the hype too. After some recent weakness, Tesla's bouncing hard. Support's holding around $410, and if it breaks above $430, that $600 target starts looking real. Trading volumes are picking up, which usually means the big money's paying attention.
Tesla's betting everything on becoming way more than a car company. If the AI and robotics play works out like these analysts think, we could be looking at one of the biggest corporate transformations in history. The question isn't whether Tesla will evolve - it's whether they can pull it off before the competition catches up.
Usman Salis
