Washington, USA – Tesla’s stock approached its all-time high during trading on Monday, fueled by growing optimism about the company’s prospects in artificial intelligence and self-driving technology.
This is according to recent forecasts issued by the American brokerage firm Wedbush.
During the session, the stock touched a record high of $479.86.
This is the level recorded in December 2024, before it declined slightly to settle up by about 4% at $477.18.
An exceptional year for Tesla and Elon Musk
With this performance, Tesla’s market value rose to approximately $1.5 trillion.
This reflects investors’ confidence in the company’s long-term strategy.
In a research note cited by MarketWatch, Daniel Ives, an analyst at Wedbush, described
The current phase is described as “an exceptional year for Tesla and Elon Musk”.
He noted that the company is entering a new chapter led
by self-driving technologies and AI-powered robots.
Wedbush set a target price of $600 for Tesla shares, which equates
to a market capitalization of nearly $2 trillion.
Ives also presented a more optimistic scenario, in which the company’s
market value could reach approximately $3 trillion within the next year.
This is in the event that the pace of commercial development
of artificial intelligence technologies accelerates.
A key driver of future growth
According to Wedbush estimates, Tesla’s artificial intelligence projects
Self-driving technology alone could be worth around $1 trillion, making it a key driver of future growth.
Tesla currently operates a pilot ride-sharing service in Austin, Texas and the San Francisco Bay Area.
This is a prelude to launching a robotic taxi platform.
The service relies on cars equipped with advanced self-driving systems, but they are still subject to human supervision.
Over the weekend, Elon Musk announced that the company had begun testing a transition to fully robotic taxis operating without human intervention in Austin.
This is a step that could represent a pivotal shift in the future of the smart transportation industry.
