Dan Ives Sees A ‘Monster Year Ahead’ For Tesla And Musk – His Bull Case Says EV Giant’s Market Cap Could Hit $3 Trillion By 2026-End

• Ives noted in another post on X that his bull case price target for the TSLA stock is $800.
• The Wedbush analyst stated in September that investors are underestimating Tesla’s transformation, adding that the accelerated AI autonomous path is now on the horizon in 2026.
• Tesla CEO Elon Musk confirmed on Sunday that Tesla has also begun fully autonomous testing of Robotaxis in Austin.

Dan Ives, Global Head of Tech Research at Wedbush, on Monday predicted that Tesla Inc.'s (TSLA) market capitalization could double to $3 trillion by the end of 2026.

“Heading into 2026 this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins,” Ives said in a post on X.

Ives expects Tesla’s market capitalization to rise by 33% to $2 trillion in 2026, while his bull case scenario sees a 100% rally by the end of the year. 

Tesla shares were up more than 4% in Monday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘bullish’ territory at the time of writing.

Tesla’s Autonomous Path

Ives noted in another post on X that his bull case price target for the TSLA stock is $800.

The Wedbush analyst stated in September that investors are underestimating Tesla’s transformation, adding that the accelerated AI-autonomous path is now on the horizon for 2026. “We believe this will be the biggest growth chapter in Tesla’s history,” Ives said.

Tesla’s Robotaxi operations are currently live in Austin, Texas, and the Bay Area, California. During the company’s annual shareholder meeting in November, CEO Elon Musk stated that Tesla plans to expand Robotaxi operations to Las Vegas, Phoenix, Dallas, Houston, and Miami.

Fully Autonomous Robotaxi Testing Underway

Musk confirmed on Sunday that Tesla has also begun fully autonomous testing of Robotaxis in Austin. “Testing is underway with no occupants in the car,” Musk said in a post on X, responding to a post showcasing a video of a driverless Tesla Robotaxi.

Alphabet Inc.’s (GOOG, GOOGL) Waymo currently offers fully autonomous driverless taxis in the San Francisco Bay Area, Phoenix, and Los Angeles. It also offers Waymo rides through Uber in Austin and Atlanta.

TSLA stock is up 18% year-to-date and 9% over the past 12 months.

Also See: Is TSLA Stock Fully Priced For Autonomy? Here's What Gary Black Thinks

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