US EditionWhy Wedbush Says Tesla's Market Cap Could Be on Road to $2T After This Weekend
- Tesla initiated its inaugural robotaxi program on June 22, 2025, deploying between 10 and 20 autonomous Model Y SUVs within a designated geofenced zone in Austin, Texas.
- This launch followed years of delays and cautious planning amid safety concerns, regulatory pushback, and Tesla’s decision to limit the rollout initially.
- Tesla’s robotaxis will carry paying passengers with a human safety monitor onboard, operate from 6 a.m. to midnight, and avoid complex intersections and airports.
- Analyst Dan Ives indicated that Tesla's robotaxi rollout could mark the beginning of a transformative era in autonomy for the company, with the potential to significantly increase its market value by the end of 2026, while emphasizing the importance of initially launching on a small scale before expanding.
- Despite mixed analyst views and Tesla’s stock losing value year-to-date, the launch marks a key step in Tesla’s shift toward selling rides and autonomous data services instead of just cars.
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Why Wedbush Says Tesla's Market Cap Could Be on Road to $2T After This Weekend
Tesla's market capitalization, currently hovering just over $1 trillion, could start down the road to doubling in value by the end of 2026 if its robotaxi launch goes well this weekend, Wedbush analysts led by Dan Ives wrote Friday.
Tesla CEO Elon Musk has sold a compelling robotaxi vision. Execution is next.
Tesla CEO Elon Musk said there will be "millions" of autonomous Teslas on the road by the second half of 2026. That prediction comes with a lot of assumptions, analysts and industry experts say.Richard Bord/WireImage via Getty ImagesTesla hasn't sold a single paid robotaxi ride to the public.Meanwhile, Waymo is on the road demonstrating a real-world robotaxi service.Yet, analysts say Elon Musk's company cannot be ignored as a formidable player i…
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Leaning Left4Leaning Right2Center6Last UpdatedBias Distribution50% Center
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