May 23, 2025, 12:47 p.m. ET Tesla’s rollout of its robotaxi will usher in a “golden age of autonomous” and could send the EV maker’s beaten-down stock soaring by 40%, WedBush analyst Dan Ives predicted Friday. “We believe the golden age of autonomous is now on the doorstep for Tesla with the Austin launch next month kicking off this key next chapter of growth for Musk & Co. and we are raising our price target from $350 to $500 reflecting this massive stage of valuation creation ahead,” Ives wrote in a note. He estimated that autonomous driving is a $1 trillion opportunity for Tesla and could push the EV maker’s market cap to $2 trillion by the end of 2026. Tesla CEO Elon Musk and President Trump speak ahead of a state dinner hosted by Qatar in May. REUTERS