Wedbush Maintains Outperform on Tesla, $550 Price Target

Analyst: Daniel Ives 1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$550
Outcome
Missed
within 12 months
Wedbush and Tesla logos

What the analyst said

Wedbush analyst Daniel Ives reiterated an Outperform rating and $550 price target on Tesla (NASDAQ: TSLA).

“Autonomous remains the biggest transformation to the auto industry in modern-day history and in our view, Tesla will own the autonomous market in the US and globally with the launch of unsupervised FSD in Austin kicking off the autonomous era at Tesla that we value at $1 trillion alone on a sum-of-the-parts valuation….BUT…Musk needs to stop this political firestorm and balance being CEO of Tesla with DOGE.

The future is so bright but this is a full blown crisis Tesla is navigating now and its primarily self-inflected.

We remain firmly bullish on the long-term Tesla story but Musk needs to get his act together or else unfortunately darker times are ahead for Tesla.”

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Where the price stands

TSLA trades at $358. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $550 target is 24% above the median, the highest on the Street.

Since the note TSLA has moved +33% (from $268). The 12-month window closed on April 2, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $361, 34% below the $550 target, but it moved the way the analyst expected.

Firm track recordWedbush: 65% of its 23 targets at least a year old were reached within 12 months (#20 of 26 firms); on Tesla, 2 of 8. Accuracy ranking →

Wedbush on Tesla

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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.