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.