Wedbush Securities managing director Dan Ives has reaffirmed his bullish stance on Tesla Inc.
In an interview with the Schwab Network on Tuesday, the investor reiterated his bullish stance. "Base case $600, bull case $800," Ives said about TSLA stock, adding that 2026 was the "most important year" for the company and Elon Musk amid an autonomous driving and Robotics push.
Ives did outline that Nvidia Corp.
Ives also shared that Tesla was on top of the investor's top five stocks this year, followed by Microsoft Corp
On Robotaxi, Ives hailed the company's cautious approach, while also hailing Alphabet Inc.'s
It's worth noting that Waymo has a commanding lead in the Robotaxi sector in the U.S., recording over 14 million paid robotaxi rides in 2025 and reaching the 450,000 rides-per-week milestone.
Tesla's Robotaxi Failed To Meet Musk's Target
The comments come as Tesla's Robotaxi service failed to meet the end-of-the-year driverless operations goal touted by Musk last year. However, the CEO did share that he was driven around by a driverless Model Y Robotaxi late last year. Tesla's Cybercab was also seen undergoing testing on multiple occasions in California and Austin.
Tesla's Full Self-Driving (FSD) technology, a crucial aspect of the Robotaxi business, could see more adoption as Musk recently shared that the company will stop offering the service with a one-time payment, opting for a monthly subscription fee instead.
Price Action: TSLA slipped 0.21 to $446.24 during the Pre-market trading session, according to Benzinga Pro data.
