Wedbush maintains Tesla’s $300 price target based on the potential of AI and FSD

Wedbush analyst Daniel Ives reiterated the firm’s $300 price target on Tesla shares after the company delivered nearly 470,000 vehicles in July-September. Ives, with an Outperform rating on Tesla stock, believes AI/FSD could bring $1 trillion in value in the coming years. Tesla is gearing up for a major product launch event on October 10, possibly unveiling Robotaxi Day. The company will report Q3 earnings on October 23, with a call scheduled for 5:30 PM Eastern Time where more details on production, delivery, and guidance are expected. Currently, Tesla shares are trading 3.20% lower at $249 per share.