$Tesla (TSLA.US)$ Retweet what someone else wrote: "We belie...

"We believe Robotics Day on August 8 will be a key historical moment in the Tesla story, which we view as a near-term catalyst," Wedbush analyst Dan Ives wrote in a note on Friday. "Ultimately, the key to reaching a $1 trillion-plus valuation is Tesla's autonomous [driving] vision, which Tesla appears to be turning around with this latest FSD [version], now with FSD testing underway in China."

FSD is short for Tesla's highest level of driver assistance, Full Self-Driving.

Ives has a buy rating on Tesla shares and a price target of $275. Morgan Stanley analyst Adam Jonas has a buy rating on the stock and a price target of $310. He is excited about the potential of Tesla's nascent robotics business. Tesla is developing a labor-saving robot that is trained using AI-based computing.

"Our thesis on Tesla is that it is as much an auto stock as it is an energy, AI/robotics company," Jonas wrote in a recent note. "In fact, our valuation for the core auto business ($67/share) is only about 20% of our $310 price target."