Wedbush Holds Street-High $600 $TSLA Target as Targets Climb

NEW YORK — Tesla's stock may be consolidating, but Wall Street's biggest bulls are not blinking. Tesla — NASDAQ: TSLA — changed hands near $382 this week, yet Wedbush analyst Dan Ives is holding a Street-high $600 price target and an Outperform rating, arguing that $TSLA can reach a $2 trillion market capitalization as its robotaxi and AI businesses scale.

Ives is far from alone in seeing upside. Across roughly 27 analysts tracking the stock, the average 12-month target sits above $421, comfortably above the current price, with estimates ranging from a low near $123 to Ives' high of $600. The spread reflects a familiar Tesla dynamic: a wide gap between skeptics focused on near-term deliveries and bulls underwriting autonomy and robotics.

Where the Tape Stands

For investors sizing up the setup, the numbers tell the story. $TSLA recently traded around $382, off modestly on the session, against a 52-week range of roughly $215 to $489. The average analyst target near $421 implies double-digit upside from current levels, and the most optimistic case on the Street, Ives' $600, would carry Tesla back toward record territory. Sister name SpaceX — NASDAQ: SPCX — remains in focus too after its blockbuster debut, a story we covered in SPCX's rebound on record bond demand. Live quotes are available for Tesla on Yahoo Finance, Google Finance, WSJ, and Nasdaq, and for SpaceX on Yahoo Finance and Nasdaq.

The Bull Case: Autonomy and Optimus

The optimism rests less on cars than on what comes next. As we noted in our look at how TSLA has steadied above the $400 area on its Europe FSD catalyst, bulls see Full Self-Driving, the Cybercab, and the Optimus humanoid robot as the real drivers of long-term value. Ives has repeatedly framed Tesla's AI and robotics roadmap as a multitrillion-dollar opportunity that the current share price only partly reflects.

A Hold Rating That Masks Conviction

The consensus rating technically reads "Hold," but the breakdown is telling: of the analysts covering the stock, the clear majority recommend buying, with only a handful advising a sell. As reported by CNBC's market data, the bullish skew underscores how many on the Street view current levels as an attractive entry ahead of Tesla's autonomy milestones.

With the average target pointing higher and the Street's most prominent bull holding firm at $600, Tesla's stock enters the back half of 2026 with the optimists still firmly in control of the narrative.

This article does not constitute financial advice. Readers are advised to do their own research before investing in the stock market. Prices cited are point-in-time snapshots and may be stale — always confirm on a live financial source.