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Tesla set for ‘golden age of autonomous’ as Robotaxi nears, ‘dark chapter’ ends: Wedbush

  • Tesla is poised for a 'golden age of autonomous growth' with the nearing launch of its Robotaxi platform, as per Wedbush analyst Dan Ives.
  • Ives has raised Tesla's price target from $350 to $500, highlighting the shift towards autonomous technology and the end of a 'dark chapter' for the company.
  • The launch of Robotaxi is expected to unlock significant value for Tesla, potentially leading to a $2 trillion valuation in the next 12 to 18 months.
  • While concerns about demand in Europe and Asia persist, the focus remains on Tesla's entrance into autonomous ride-sharing services and the impact of Full Self-Driving technology on the company's financial model.

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