Tesla Stock (TSLA) has increased by more than 20% this month over the past 30 days. Analysts are bullish and suggest that stocks could continue climbing. Wedbush, currently trading at 349.91, predicted it would repeatedly “outperform” TSLA stocks and climb to $500 as the next step.
Wedbush analysts actually predict that Musk will play a pivotal role in the rise of Tesla’s stock towards a new all-time high. Elon Musk’s work with the Government Efficiency Bureau brought investors to worry about Tesla’s future and knocked down the company’s stocks. However, the stocks skyrocketed after Musk announced that he was planning to “highly focused” on his business and would return “24/7 at work.”
“In another clear positive step for the Tesla Bulls, Elon Musk officially left the Trump White House last night, music to the ears of Tesla shareholders, focusing on Tesla and an autonomous vision.” Wall Street analysts currently have a consensus “buy” rating at Tesla (TSLA). The average price target is $306, meaning 15% upside. However, Wedbush sees a world with a very strong influence from Elon, and Tesla will rebound to a new high of $500.
Tesla Robotaxi: Another catalyst for $500?
Plus, Elon Musk has long told us the possibility of Tesla Robotaxi. Autonomous driving products are set up to revolutionize transportation if they can withstand company claims. That has always been a concern for businesses. Still, Robotaxi officially plans a key launch date for June 12th.
This launch should provide investors with concrete evidence that the product is approaching a global launch. When that happens, you may unlock unparalleled opportunities for stock prices and send them to the $500 mark.
Musk has already promised that Robotaxi will unlock its $1 trillion market value. The numbers are optimistic, but they may be very true. Its arrival transforms Tesla’s EV maker into a full-fledged robotics company. What’s more, the transition can see its value as tech companies get even higher.
