Wedbush Analyst Dan Ives Upbeat on Tesla Inc. (TSLA) Despite Lower Delivery Numbers

Tesla Inc (NASDAQ:TSLA) is one of the 8 best American stocks to buy and hold in 2026. Wedbush analyst Dan Ives released an update on Tesla Inc. (NASDAQ:TSLA) stock after the EV maker announced its delivery figures for the full year 2025. While the delivery numbers weren’t impressive, the analyst was upbeat, calling them a step in the right direction.

In Q4, Tesla delivered 418,227 vehicles while producing 434,358. In the whole calendar year, 1,654,667 vehicles were produced, and 1,636,129 were delivered to customers. Ives believes that Tesla has some work to do to make a comeback in the vehicle delivery area, especially after the loss of the $7,500 tax credit and multiple headwinds in Europe.

Going forward, he believes robotics and autonomous driving will drive the company’s bull thesis, even if the vehicle delivery numbers continue to underwhelm:

”We believe Tesla could reach a $2 trillion market cap over the coming year and, in a bull case scenario, $3 trillion by the end of 2026…as full-scale volume production begins with the autonomous and robotics roadmap…”

Ives calls CyberCab the golden goose when it comes to unlocking Tesla’s AI potential and valuation. For now, he has a $600 price target with an Outperform rating on the stock.

Tesla Inc. (NASDAQ:TSLA) is a household name when it comes to Electric vehicles, but the company does much more than sell cars. Its portfolio includes energy generation, storage, and robotics. It is headquartered in Austin, Texas.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.