Wedbush Tesla · TSLA

Wedbush Reiterates Outperform on Tesla, $500 Price Target

July 1, 2025 Analyst: Daniel Ives 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$500
Outcome
Missed
within 12 months
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What the analyst said

Wedbush analyst Daniel Ives reiterated an Outperform rating and $500 price target on Tesla (NASDAQ: TSLA) in response to the latest feud between its CEO Elon Musk and U.S.

President Donald Trump.

“As we discussed this BFF situation has now turned into a soap opera that remains an overhang on Tesla’s stock with investors fearing that the Trump Administration will be more hawkish and show scrutiny around Musk related US government spending related to Tesla/SpaceX and most importantly the autonomous future with the regulatory environment key to the future of Robotaxis and Cybercabs.

We would expect the stock to be weak to kick off trading this morning as the Street will show concern that the Trump and Musk once BFF relationship now backfires and turns into a junior high school friendship gone bad into an enemy.

We believe this situation will settle and at the end of the day Musk needs Trump and Trump needs Musk given the AI Arms Race going on between the US and China.

The jabs between Musk and Trump will continue as the Budget rolls through Congress but Tesla investors want Musk to focus on driving Tesla and stop this political angle…which has turned into a life of its own in a roller coaster ride since the November elections.

At the end of the day being on Trump’s bad side will not turn out well..and Musk knows this and Tesla investors want this back and forth to end.

We maintain our OUTPERFORM rating and $500 price target.”

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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 +12% (from $318). The 12-month window closed on July 1, 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. Same target as this firm’s May 23, 2025 note, so it is scored there.

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, 2025 This noteKept the $500 targetBuy$500
  7. May 23, 2025Target 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.