Wedbush analyst Dan Ives raised his price target on Tesla to $500 from $350, calling it the beginning of the “golden age of autonomous," according to Ives' post on X. He cited the upcoming Austin launch as a key growth catalyst and predicted massive valuation creation as Tesla advances its autonomous tech. Tesla shares are trading at 158.73 times their projected 2026 earnings, according to Benzinga Pro. This makes Tesla about 6.16 times more expensive than the industry average forward price-to-earnings ratio of 25.75. Tesla shares have rebounded sharply, gaining 36.01% in the past month and 96.29% over the year despite being down 10.08% year-to-date.
