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Eyes on AI! Wedbush Keeps $600 Tesla Stock Price Target despite Q1 Miss
Despite Tesla missing Wall Street’s Q1 delivery estimates for the second consecutive quarter and falling short on energy storage deployment, Wedbush analyst Dan Ives maintained his Buy rating and $600 price target for TSLA stock. Ives attributes his bullish outlook to Tesla’s strong AI push and robotaxi plans, projecting significant future revenue from these areas. While acknowledging challenges in Europe, Ives noted strong growth in China and emphasized the company’s long-term strategy centered on AI and robotics investments.