Wedbush Tesla · TSLA

Wedbush Raises Tesla Price Target to $500

May 23, 2025 Analyst: Daniel Ives 1 min read Reproduced verbatim
Rating
Buy
Target
$500
from $350 (+43%)
Outcome
Missed
within 12 months
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What the analyst said

Wedbush analyst Daniel Ives raised the price target on Tesla (NASDAQ: TSLA) to $500 (from $350) while maintaining an Outperform rating.

“We believe FSD penetration could increase to 50%+ and change the financial model/margins for Tesla looking ahead.

Taking a step back, over the last decade we have never viewed Tesla simply as a car company…instead we have always viewed Musk and Tesla as a leading disruptive technology global player and the first part of this grand strategic vision has taken shape over the past 5 years.

Now its onto the next chapter..autonomous. We believe Tesla remains the most undervalued AI play in the market today.

Rome was not built in a day…and neither will Tesla’s autonomous and robotics strategic vision.

There will be many setbacks….but given its unmatched scale and scope globally we believe Tesla has the opportunity to own the autonomous market and down the road license its technology to other auto players both in the US and around the globe.

Waymo will also be a winner and Uber will benefit in autonomous…but we see the true autonomous winner as Tesla and over the coming year more investors will recognize this AI vision.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

TSLA trades at $355. The 19 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $450. This $500 target is 11% above the median, the highest on the Street.

Since the note TSLA has moved +4% (from $341). The 12-month window closed on May 23, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $434, 13% below the $500 target, but it moved the way the analyst expected.

Firm track recordWedbush: 25% of its 8 targets at least a year old were reached within 12 months (#28 of 28 firms); on Tesla, 2 of 8. Accuracy ranking →

Wedbush on Tesla

Wedbush price targets on Tesla

8 calls from April 23, 2025 to October 7, 2025. The target went from $350 to $600 (+71%). The rating stayed Buy.

Wedbush targetTSLA share price
  1. October 7, 2025Kept the $600 targetBuy$600
  2. September 26, 2025Target raised from $500 (+20%)Buy$600
  3. September 5, 2025Kept the $500 targetBuy$500
  4. August 4, 2025Kept the $500 targetBuy$500
  5. July 22, 2025Kept the $500 targetBuy$500
  6. July 1, 2025Kept the $500 targetBuy$500
  7. May 23, 2025 This noteTarget raised from $350 (+43%)Buy$500
  8. April 23, 2025Earliest call shownBuy$350
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Other analysts on Tesla

JP MorganHold Kept rating and price target · Oct 16 $415maintained Yorkville IvesBuy Kept rating and price target · Oct 12 $500maintained Yorkville IvesBuy Initiated coverage · Oct 7 $500 UBSHold Raised price target +2%, kept rating · Oct 7 $391from $385 Goldman SachsHold Kept rating and price target · Oct 6 $360maintained
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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.