Tesla investors finally received some much-needed optimism after a difficult start to 2025. Year to date, Tesla shares have dropped 15% due to lower electric vehicle demand and increasing global competition. However, the latest Tesla Stock Forecast 2030 and recent updates have boosted investor confidence and reshaped expectations.
The latest Tesla Stock Forecast 2030 points to significant upside. Dan Ives, a Wedbush analyst, recently raised his target price to $500 per share. This suggests a potential 47% increase from its current level. Ives cited the upcoming robotaxi launch and Elon Musk’s renewed focus on Tesla as key drivers. “We believe Tesla remains the most undervalued AI play in the market today,” he stated.
Meanwhile, Elon Musk made bold claims during Tesla’s Q1 earnings call. He told investors he believes Tesla will become the world’s most valuable company. In fact, he suggested Tesla could match the value of Apple, Microsoft, Nvidia, Amazon, and Alphabet combined. These five giants are worth around $14 trillion. Tesla’s current valuation stands at roughly $1 trillion. That means Musk envisions a 1,300% gain in market value.
Tesla Stock Forecast 2030 reflects more than just EV production. Musk continues to position Tesla as an AI and robotics leader. He claims Tesla’s future depends heavily on self-driving technology and autonomous robots. In January 2024, Musk described the company as an “AI and robotics juggernaut.”
Those plans are starting to materialize. Tesla will launch its robotaxi service in Austin, Texas, in June. Additional U.S. cities may follow before the end of 2025. Musk believes autonomous driving will significantly boost Tesla’s revenue in the second half of 2026.
While Waymo currently operates robotaxis in some U.S. cities, Tesla holds a data advantage. Its large vehicle fleet provides extensive real-world data for training AI models. Tesla also relies on vision-based self-driving technology, which is more cost-efficient than Waymo’s radar and lidar systems.
Tesla plans to crowdsource its autonomous fleet. Owners will be able to add or remove their cars from the network, similar to a blend of Uber and Airbnb. Musk believes this model will allow Tesla to scale faster than competitors.
According to Wall Street, Tesla’s earnings may grow 13% annually through 2026. However, this estimate includes mixed opinions. Not all analysts believe Tesla will succeed in AI and robotics. Investors must decide if they support Musk’s ambitious vision.
Tesla Stock Forecast 2030 presents a major opportunity. If Tesla executes its plan in autonomous driving and robotics, its valuation could skyrocket. Still, Musk urges caution. “If somebody doesn’t believe Tesla will solve autonomy, they shouldn’t invest in the company,” he warned.
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