Tesla Bull Dan Ives Predicts 58% Stock Upside, Urges Elon Musk to Stay Focused
Tesla bull Dan Ives predicts 58% stock upside after strong Q2 deliveries, urging Elon Musk to stay focused for Tesla’s growth and autonomous market lead.
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Wedbush analyst Dan Ives remains bullish on Tesla following the company’s strong Q2 2025 deliveries that surpassed expectations. Tesla delivered 384,122 vehicles in the second quarter, exceeding the estimated 365,000 units, driven mainly by robust sales of the Model 3 and Model Y. Ives highlighted a notable rebound in Tesla’s Chinese market after eight months of declining sales, fueled by increased demand for the updated Model Y.
In a July 2 note, Ives reiterated his $500 price target for Tesla stock, suggesting a potential 58% upside, and maintained an 'Outperform' rating. He credited Elon Musk’s proactive leadership for Tesla’s momentum and emphasized the importance of Musk’s continued focus on the company’s core business.
“If Musk continues to lead and stay in the driver’s seat, Tesla is on track for accelerated growth, especially with deliveries expected to ramp up in the latter half of 2025 following the Model Y refresh cycle,” Ives said.
The analyst also underscored Tesla’s potential to dominate the US autonomous vehicle market but advised Musk to prioritize Tesla’s interests over political disputes. This comes amid Musk’s ongoing public feud with former President Donald Trump, sparked by Musk’s criticism of a recent Senate spending bill. Trump fired back, accusing Musk’s companies of benefiting most from government subsidies.
Investors and industry watchers will be closely observing Musk’s approach as Tesla aims for further growth and market leadership.
