Quick Read Tesla is down 21% YTD, but Dan Ives' $600 bull-case target implies 70% upside by valuing it as an AI and robotics platform. GM gained 5% YTD while Rivian fell 21%, yet Rivian carries the biggest consensus upside at 24% on its R2 launch and Uber partnership. With a 154x forward P/E, negative free cash flow, and EPS estimates cut from $2.11 to $1.77 in 60 days, Tesla's bear case is well-armed. Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor) Tesla (NASDAQ:TSLA) currently trades at $356.58, while Wall Street's average price target sits at $390.09, an implied gap of roughly 9%. The louder call comes from Wedbush's Dan Ives, whose $600 bull-case target implies close to 70% upside from here.
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