Wedbush analyst Dan Ives has expressed his belief that Tesla Inc. (NASDAQ:TSLA) is significantly undervalued due to its AI potential and data-driven approach.
What Happened: Ives highlighted Tesla’s ability to overcome sales challenges in China. He also noted that Wedbush has raised Tesla’s price target to $300 from $275. Ives said this in an interview with Bloomberg Radio.
The analyst emphasized that Tesla’s Full Self-Driving feature positions it as the “most undervalued AI play in the market.” He predicted that Tesla’s trillion-dollar valuation will be driven by AI and a data-driven strategy.
Ives also suggested that the anticipated autonomous robotaxi, to be unveiled by Tesla, will be a game-changer.
Great to be on @BloombergRadio with @tomkeene @ptsweeney discussing the AI Revolution and this 1995 Moment for tech stocks and why we view Tesla as the most undervalued AI play in this market @bsurveillance 🔥🏆🐂🍿🕶️🎆👇 https://t.co/g2Yao7Y1Lf — Dan Ives ...