$TSLA - WEDBUSH REITERATES OUTPERFORM ON TESLA, $500 TARGET Wedbush’s Dan Ives keeps an Outperform rating and $500 target on Tesla ahead of earnings, noting the setup is “dramatically different” from last quarter. Musk is now laser-focused on robotaxi expansion and AI initiatives, with potential investment in xAI requiring a shareholder vote later this year. Wedbush sees Tesla as a future leader in AI and robotics, with autonomous driving alone worth $1 trillion to its story. While near-term numbers may be weak, investor focus is on Tesla’s AI-driven future under a re-energized Musk.