Eyes on AI! Wedbush Keeps $600 Tesla Stock Price Target despite Q1 Miss

FomoAnxiety · 2026-04-03T07:27:01+00:00

Tesla's shares fell 5.42% after Q1 deliveries of 358,023 missed estimates. Despite this, analyst Dan Ives maintained a Buy rating and $600 price target, citing AI and robotaxi plans as growth drivers. This is Tesla's second quarter of missed expectations.

FomoAnxiety

2026-04-03 07:27:01

Abstract generation in progress

Shares of Tesla TSLA -5.42% ▼ dropped 5.42% on Thursday after the EV maker delivered 358,023 vehicles in Q1, missing Wall Street’s estimate of 370,000. Despite the miss, Wedbush’s five-star-rated analyst Dan Ives maintained his Buy rating and $600 price target on TSLA stock, citing AI push and robotaxi plans as key drivers for 2026. Ives’s price target implies an upside of over 65% from current levels.

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For context, this marks the second consecutive quarter in which Tesla has missed analyst expectations. The company also deployed 8.8 GWh (gigawatt-hour) of energy storage during the quarter, falling short of the Street’s 14.4 GWh estimate.

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