Well-known Tesla supporter and Wedbush analyst Dan Ives is feeling optimistic about the company’s future. He praised Tesla’s performance in the second quarter of 2025, especially after it delivered 384,122 vehicles, which beat market expectations. Most of these were the Model 3 and Model Y, with over 373,728 units delivered worldwide.
Ives described the results as “fireworks come early” and maintained his $500 price target for Tesla stock — suggesting the stock could go up by 58% from current levels. He also kept his ‘Outperform’ rating, which means he believes Tesla will do better than most other companies.
He also highlighted that Tesla is starting to recover in China, one of its key markets. After struggling for months, sales went up in June — the first increase in eight months — thanks to stronger demand for the updated Model Y.
Elon Musk’s Role Is Crucial
Ives emphasized that Elon Musk needs to stay focused on Tesla to keep the momentum going. He believes if Musk continues to lead, Tesla could grow much faster, especially in the second half of 2025 when Model Y sales are expected to increase.
Ives also said that Tesla has the potential to dominate the self-driving car market in the U.S., but Musk must focus more on the company and less on his political opinions.
Musk vs. Trump
The article also mentions a growing conflict between Musk and Donald Trump. Musk recently criticized a new government spending plan, joking that a new political party would be formed if it passed. Trump hit back, warning that Musk’s businesses, like Tesla, have benefited heavily from government support.
