Wedbush Analyst Confident in Tesla’s Future Despite Rece

Wedbush Securities analyst Daniel Ives continues to stand firm on his bullish stance toward Tesla, despite the growing concerns surrounding CEO Elon Musk’s divided focus between his political ambitions and his commitment to DOGE. Ives maintains confidence in Tesla’s long-term growth, believing Musk’s leadership will steer the electric vehicle maker toward success.

Ives’ Positive Outlook on Tesla and Musk

Ives reiterated his support for Tesla and Musk in a recent post on X.

• He believes that while there may be some noise surrounding Musk’s political involvement, it won’t significantly harm Tesla’s brand.
• Ives has set a “Buy” rating for Tesla with a Street-High price target of $550, reflecting a 63.4% upside potential from the current stock price.
• Despite Tesla’s stock dropping 16.7% so far in 2025, Ives remains optimistic about the company’s future.

The Impact of Musk’s Divided Attention

Tesla stock has faced challenges in recent months due to concerns over Musk’s increasing focus on his political ambitions.

• Musk’s involvement with DOGE (Department of Government Efficiency) and plans to reduce the budget by $2 trillion have led to speculation about his diminishing attention to Tesla.
• As a result, Tesla’s market share in Europe has suffered, with the company losing ground to Chinese EV maker BYD.
• Investors and consumers have expressed discontent, fearing that Musk’s political commitments may negatively affect Tesla’s operations.

Ives’ Steadfast Belief in Tesla’s Future

Despite these challenges, Ives continues to believe in Tesla’s potential.

• He sees Musk’s political ties, particularly with former President Donald Trump, as a long-term benefit for the company.
• Ives believes the favorable policies under Trump’s administration could unlock $1 trillion in additional valuation for Tesla in the coming years.
• Additionally, Ives highlighted several key catalysts that will drive Tesla’s growth, including the mass market launch of an affordable EV lineup, advancements in autonomous vehicles, and the future potential of Tesla’s humanoid robots, Optimus.

Is Tesla Stock a Buy or Sell?

While Ives remains highly bullish, other analysts have a more cautious view.

• On TipRanks, Tesla stock holds a “Hold” consensus rating, with 13 Buys, 12 Holds, and 10 Sells.
• The average price target for Tesla is $340.50, suggesting a modest 1.2% upside potential.
• Despite the mixed opinions, Tesla has seen a strong performance over the past year, gaining 82.9%.

Important Highlights

• Ives’ Outlook: Despite concerns, Ives maintains a “Buy” rating on Tesla with a price target of $550.
• Musk’s Political Involvement: Investors are concerned that Musk’s political ambitions could harm Tesla’s brand and market share.
• Tesla’s Catalysts: Key growth drivers include an affordable EV lineup, autonomous vehicle development, and Optimus robots.
• Stock Consensus: Tesla stock has a mixed consensus, with some analysts recommending a Hold, while others remain bullish.
• Performance: Tesla’s stock has gained 82.9% in the past year, showing significant growth despite recent challenges.