Wedbush Securities on Friday maintained its 'outperform' rating on Tesla, with a price target of $275, in view of several favorable catalysts over the coming months.

In particular, the American broker believes that the official presentation of the 'robotaxi', scheduled for August 8, will be a 'historic' moment for the group headed by Elon Musk.

But it is above all its progress in AI and fully autonomous driving (FSD) that will determine its ability to eventually surpass $1,000 billion in market capitalization, he warns.

We continue to believe that Tesla is more of an AI and robotization company than a traditional carmaker", stresses the broker.

Wedbush - who says he can see the share price reaching $350 in a bull case scenario - says he sees an attractive risk/reward profile at current levels.

After a particularly sluggish first half, the broker also believes that a rebound in demand could potentially materialize in the second half of the year.

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