Dan Ives BOOSTS His Price Target for Tesla Stock - Now It’s Close to Mine
Overall SentimentBullishStrength: 90%
Overall Thesis
Dan Ives is converging toward Jo's bullish Tesla view, projecting a 3 trillion market cap by late 2026 or early 2027, which implies roughly 950 per share. Jo's own fair value target is 1,200 for 2026 driven by robotaxi deployment and FSD attach rates, and he expects Whimo to be a rounding error given Tesla's massive capex and tech advantages.
Narratives
TSLATesla
Strongly BullishJo sees Tesla fair value around 1,200 per share for 2026, driven by robotaxi deployment scale, FSD attach rising from 15% toward 50%, and Optimus. He believes Wall Street (Dan Ives at 950) is still underestimating Tesla, and expects the stock to potentially hit 500-520 by the first week of January.
Key Arguments
- FSD attach rate expected to rise from 15% to 50%+, major margin boost
- Tesla can deploy robotaxis at roughly 15,000-20,000 per cyber cab vs Waymo's 60,000-90,000 per vehicle
- Tesla has vertically integrated FSD that scales universally
- Robotaxi could be worth a trillion dollars alone (Ives' view Jo agrees with)
- Jo's fair-value target is around 1,200 for 2026
- Jo's long-term 2030 target range is 6,000 to 7,000
Analyzed with manual_claude_session | Extraction manual_v1 | Cost: —