Dan Ives Says Tesla's AI And Robotaxi Business Worth At Least $1 Trillion, Company And Musk Headed For 'Important Chapter' In Growth Story

Benzinga

Tesla analyst Dan Ives of Wedbush Securities said the automaker is entering its most critical growth stage, with AI and robotaxi ambitions capable of unlocking $1 trillion in value. His remarks on X followed a shareholder proposal for Tesla to invest in Musk’s xAI, while Anthony Scaramucci said a merger “feels inevitable.” Gary Black of The Future Fund attributed Tesla’s recent stock strength to expectations the company will exceed third-quarter delivery forecasts, estimating 470,000 deliveries versus Wall Street’s 432,000 consensus. Tesla’s China sales continued to decline in August before rebounding in September, while U.S. demand faced price pressures. The company carries a consensus price target of $311.81, while shares are down 2% in 2025, underperforming the S&P 500 and Nasdaq 100.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla analyst Dan Ives of Wedbush Security said the automaker is entering its most critical growth stage

00:07with AI and robo-taxing ambitions capable of unlocking $1 trillion in value.

00:12His remarks on X-Files share the proposal for Tesla to invest in Musk's XAI,

00:16while Anthony Scaramucci said a merger feels inevitable.

00:19Harry Black and the Future Fund attributed Tesla's recent stock strain

00:22to expectations the company will exceed third-quarter delivery forecasts,

00:25estimating 470,000 deliveries versus Wall Street's 432,000 consensus.

00:30Tesla's China sales continue to decline in August for a rebounding in September,

00:34while U.S. demand faced price pressures.

00:36The company carries a consensus price target of $311.81,

00:40while shares are down 2% in 2025, underperforming the S&P 500 and NASDAQ 100.

00:45For all things money, visit Benzinga.com.

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