Tesla analyst Dan Ives of Wedbush Securities said the automaker is entering its most critical growth stage, with AI and robotaxi ambitions capable of unlocking $1 trillion in value. His remarks on X followed a shareholder proposal for Tesla to invest in Musk’s xAI, while Anthony Scaramucci said a merger “feels inevitable.” Gary Black of The Future Fund attributed Tesla’s recent stock strength to expectations the company will exceed third-quarter delivery forecasts, estimating 470,000 deliveries versus Wall Street’s 432,000 consensus. Tesla’s China sales continued to decline in August before rebounding in September, while U.S. demand faced price pressures. The company carries a consensus price target of $311.81, while shares are down 2% in 2025, underperforming the S&P 500 and Nasdaq 100.
