Wade Bush raises Tesla's target price to $500: Market value may reach $2 trillion by the end of next year.

Wade Bush Securities analyst Dan Ives raised Tesla's target price from $350 to $500 in a report on Friday, stating that "the golden age of autonomous driving is now at Tesla's doorstep." He expects that, in a "bull market scenario," the company's market value could reach $2 trillion by the end of 2026. Ives stated that Tesla is still the most undervalued artificial intelligence company in the market. Artificial intelligence and autonomous driving technology are valued at least $1 trillion for Tesla. The company's full self-driving software has recently been more widely promoted. Wade Bush stated that Tesla may see a FSD adoption rate of over 50%, "and change Tesla's future financial model/profit margins."