Shares of Tesla (TSLA) dropped 5.42% on Thursday after the EV maker delivered 358,023 vehicles in Q1, missing Wall Street’s estimate of 370,000. Despite the miss, Wedbush’s five-star-rated analyst Dan Ives maintained his Buy rating and $600 price target on TSLA stock, citing AI push and robotaxi plans as key drivers for 2026. Ives’s price target implies an upside of over 65% from current levels. For context, this marks the second consecutive quarter in which Tesla has missed analyst expectations
