Tesla’s (TSLA) much-anticipated robotaxi launch appears back on track, with Wedbush analyst Dan Ives noting that the recent political drama between Elon Musk and President Donald Trump is “cooling down.” As tensions ease, momentum is building for Tesla’s autonomous ride-hailing rollout, expected to mark a major milestone in the company’s AI-driven future.
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Tesla’s much-anticipated robotaxi service is reportedly scheduled to debut in Austin, Texas, on June 12. However, the company has not yet officially confirmed the launch date.
Ives Stands Firm on Tesla’s Autonomous Vision
Ives noted that the Musk-Trump feud comes at a bad time, clashing with Tesla’s much-awaited robotaxi launch. Still, Wedbush is confident Tesla will bring the service to 20 to 25 cities in the next year, despite the political noise.
Although a full reconciliation seems unlikely, Ives observed that both parties appear to be gradually moving past the dispute. This may ease investor anxiety about possible political obstacles to Tesla’s autonomous vehicle strategy. Ultimately, he believes that Trump needs Musk to stay aligned with the Republican base, and Musk needs Trump to help secure a federal framework for autonomous driving.
Furthermore, Ives highlighted Tesla’s robotaxi push as a key to Musk’s big goal of an AI-led future. He sees it as a turning point for the company. Most of Tesla’s future value, he believes, depends on how well this plan works. Ives estimates the AI and self-driving part of the business could be worth over $1 trillion, with a chance for Tesla to hit a $2 trillion market cap by 2026 if FSD adoption and the Cybercab rollout speed up.
Overall, four-star-rated Ives has a Buy rating on TSLA stock with a price target of $500.
Is Tesla a Good Share to Buy?
According to TipRanks, TSLA stock has received a Hold consensus rating, with 14 Buys, 12 Holds, and 10 Sells assigned in the last three months. The average Tesla share price target $281.77, suggesting a potential downside of over 8% from the current level.
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