Is Elon Musk about to achieve an overwhelming victory? Tesla's market value may reach $3 trillion next year.

Dan Ives, a well - known technology analyst and managing director at the prominent U.S. investment bank Wedbush Securities, is firmly bullish on the long - term upward prospects of Tesla. The analyst posted on X on Monday, stating that due to Tesla's efforts in developing and promoting its artificial intelligence (AI) projects, in an optimistic scenario, its market value could reach $3 trillion by the end of 2026.

Ives said that as the autonomous driving and robotics businesses gradually move towards commercialization, Tesla is entering a critical development period.

He expects that by 2026, Tesla's market value will reach $2 trillion, about 33% higher than the current level. In an optimistic scenario, its market value could even reach $3 trillion by the end of 2026.

Ives emphasized that 2026 could be Tesla's "breakout year".

"As we step into 2026, with the opening of the chapters on autonomous driving and robotics businesses, Tesla and Elon Musk will usher in a breakout year. We believe that as the AI chapter unfolds fully at Tesla, the company's market value will reach $2 trillion in 2026, and in an optimistic scenario, it could hit $3 trillion by the end of 2026."

Meanwhile, Ives also reaffirmed his "outperform" rating on Tesla's stock and maintained a price target of $600 for the stock.

On Monday, Tesla rose more than 3% against the market trend, closing at $475.31, with a market value approaching $1.5 trillion. Tesla's recent self - driving car tests in Austin, Texas, have boosted market optimism.

Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety supervisor or any other occupants.

Tesla CEO Elon Musk confirmed on X late Sunday that the company is currently testing driverless taxis without human safety operators.

According to Forbes data, thanks to a significant increase in SpaceX's valuation, Musk's wealth has increased by $168 billion. As of noon on Monday, Eastern Time in the United States, it reached $677 billion. He has thus become the first person in history to have a net worth of $600 billion or more, taking a huge step closer to becoming the world's first "trillion - dollar billionaire".

Musk currently holds about 12% of Tesla's shares, worth about $197 billion. If Tesla's market value reaches $3 trillion as Ives predicted (doubling the current level), Musk's net worth could increase by nearly $200 billion.

This article is from the WeChat official account "Science and Innovation Daily", author: Bian Chun. It is published by 36Kr with authorization.