Tesla (NASDAQ: TSLA) has received a new vote of confidence from Wall Street, as Wedbush reiterates its public performance.
Instead, analyst Daniel Ives maintained an “Outperform” rating and a price target of $600. The valuation implies an upside of about 60% from TSLA’s long-term price of $382.
The reconfirmed opinion comes as Tesla expands its focus artificial intelligence and in-house chip manufacturing. At the center of this process is the planned development of the Terafab chip factory in Austin, which is expected to support the demand for AI and energy efficiency.
The project includes a different area that aims to promote the environment of the Tesla car and humanoid robotics, as well as the architecture associated with the destructive desires.
The move reflects increased pressure on the semiconductor industry, where major players such as Micron Technology, TSMC, and Samsung Electronics have struggled to meet demand. By pushing into chip manufacturing, Tesla is positioning itself to reduce its reliance on third-party providers while accelerating its AI roadmap.
Wedbush sees Terafab’s work as the first step in Tesla’s transformation into a giant AI-driven company. The company also reviewed the long-term results of the relationship between Tesla and SpaceX, led by Elon Musk.
At the same time, Ives sees the chip factory push as an early sign of deeper alignment between the two companies, with the possibility of a merger emerging as a long-term possibility.
Wall Street cautious on Tesla stock
Apart from Ives’ opinion, the rest of Wall Street remains cautious about Tesla’s stock price over the next 12 months. Coordination of data from experts on TipRanks it shows “Use”.
The figure comes from 31 Wall Street analysts, of which 13 recommend buying the stock, 11 suggest holding, and 7 recommend selling.
Tesla’s 12-month average price is $399.25. The high estimate reaches $ 600, indicating strong sentiment from some analysts, while the low forecast drops to $ 25.28.
Overall, the spread of expectations and neutrality in a market that is still divided on Tesla’s growth, fixed expectations and optimism about innovation and concerns about the calculation and execution.
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