Wedbush analyst Dan Ives has expressed his belief that Tesla is significantly undervalued due to its AI potential and data-driven approach. Ives highlighted Tesla’s ability to overcome sales challenges in China. He also noted that Wedbush has raised Tesla’s price target to $300 from $275. The analyst emphasized that Tesla’s Full Self-Driving feature positions it as the “most undervalued AI play in the market.” He predicted that Tesla’s trillion-dollar valuation will be driven by AI and a data-driven strategy. Ives also suggested that the anticipated autonomous robotaxi, to be unveiled by Tesla, will be a game-changer.