7/103 sources · 3 publishersUpdated Oct 9, 19:28 UTC
Dan Ives launches Tesla coverage at Yorkville Ives with $500 valuation
Dan Ives began covering Tesla at Yorkville Ives with an Outperform stance and a $500 valuation for the shares. The target is $100 below the $600 level he previously set at Wedbush. Ives bases his bullish view on Tesla’s autonomy, robotaxi, Optimus and energy-storage opportunities, rather than on its vehicle business alone.
Why it matters
Ives’s valuation assigns about two-thirds of the target to autonomy and Optimus, meaning the thesis depends heavily on businesses that are still developing. He argues that Tesla’s vehicle fleet, Full Self-Driving software and robotics efforts could support recurring revenue beyond car sales.
Key facts
- 1Dan Ives at Yorkville Ives gave Tesla an Outperform stance and set a $500 valuation for its shares. eletric-vehicles.com
- 2The new valuation is $100 below Ives’s previous $600 target at Wedbush. eletric-vehicles.com
- 3Ives’s sum-of-the-parts framework values Tesla’s existing businesses at about $165 per share and assigns $335 to autonomy and Optimus. finance.yahoo.com
- 4More than 55% of new North American deliveries included Full Self-Driving subscriptions in the reported quarter. benzinga.com
Open questions
- describes the note as Ives’s first coverage call at Yorkville Ives, while describe it as a maintained or reiterated view.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.