Tesla's Trillion-Dollar Potential Is Driven By AI, Says Wedbush Analyst Dan Ives: 'Most Undervalued AI Play In The Market'
Portfolio Pulse from Benzinga Neuro
Wedbush analyst Dan Ives believes Tesla Inc. (NASDAQ:TSLA) is significantly undervalued due to its AI potential and data-driven approach. Ives raised Tesla’s price target to $300 from $275, citing its Full Self-Driving feature and anticipated autonomous robotaxi as key drivers. Despite positive sentiment, some investors remain cautious, with notable figures like Nancy Pelosi selling Tesla shares recently.
July 05, 2024 | 2:59 pm
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Wedbush analyst Dan Ives has raised Tesla's price target to $300, citing its AI potential and data-driven approach. Key drivers include Tesla’s Full Self-Driving feature and the anticipated autonomous robotaxi.
The analyst's positive outlook and increased price target are likely to boost investor confidence in the short term. The emphasis on AI and upcoming products like the autonomous robotaxi could drive further interest and investment in Tesla.
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