Wedbush Securities analyst Dan Ives, a longtime Tesla bull, early Friday raised his Tesla stock price target to 500, up from 350, representing 46% upside as he believes "the golden age of autonomous is now on the doorstep for Tesla" with the EV giant poised to launch a limited robotaxi service in Austin,

Tesla’s rollout of its robotaxi will usher in a “golden age of autonomous” and could send the EV maker’s beaten-down soaring by 40%, WedBush analyst Dan Ives predicted Friday.

Elon Musk promised the June Austin Robotaxi would operate "unsupervised." New disclosures suggest that won't happen, but what will?

Tesla will begin deploying a small fleet of robotaxis in Austin, Texas, as part of a pilot program intended to evaluate its new Unsupervised Full-Self Driving system.

Waymo received approval to expand its robotaxi operations in California and will proceed methodically. The service will include more of the Bay Area, while the company also plans to eventually reach San Francisco International Airport.

Wedbush analyst Dan Ives said Tesla’s upcoming robotaxi launch in Austin marks a significant turning point for CEO Elon Musk and the company, calling it a “watershed moment” in its push toward autonomy and robotics.