Tesla’s Robotaxi unveiling a ‘historical moment’ catalyst to $1T market cap: Wedbush

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ The article reported that August 8 will finally see Tesla as more than a car company, and Wedbush analyst Dan Ives says it could be the path to being recognized for what it really is:

“We continue to believe that Tesla is more of an AI and robotics play than a traditional car company…..now the rubber meets the road as the Street anticipates August 8th as a key historical day for the Tesla story.”

Ives said in his note to shareholders on Friday morning that the August 8 Robotaxi event is the first step in Tesla regaining its $1 trillion valuation.

“Ultimately, the key to reaching a $1 trillion+ valuation is the autonomous and FSD vision taking hold for Tesla, which appears to be turning a corner with this latest FSD v12.4 and now China FSD testing underway.”

Wedbush’s bull case price target for Tesla is $350.