Dan Ives, an analyst at Wedbush Securities, raised his price target on Tesla from $350 to $500 in a report on Friday, saying that "the golden age of autonomous driving has now arrived at Tesla's doorstep." He predicts that in a "bull case scenario," the company's market value could reach $2 trillion by the end of 2026. Ives said Tesla remains the most undervalued artificial intelligence company on the market today. Artificial intelligence and autonomous driving technology are worth at least $1 trillion to Tesla. The company's Full Self-Driving (FSD) software has recently been more widely promoted. Wedbush said Tesla could see FSD adoption rates exceed 50% "and change Tesla's financial model/margins in the future."