Wedbush's Dan Ives: After a brutal few quarters, Tesla finally starting to show stable demand trends

Core Viewpoint - The overall sentiment is that the worst is behind Tesla, with expectations of stabilization and growth driven by developments in China and advancements in autonomous technology [1][4][13] Group 1: Market Performance and Expectations - Deliveries are currently down 6% year-over-year, but there is a belief that stabilization is occurring, particularly in the Chinese market [3][8] - The company is projected to reach a quarterly delivery rate of 550,000 units, which is crucial for future growth [5] - The autonomous vehicle market is expected to be worth a trillion dollars, contributing significantly to Tesla's market cap, which is anticipated to reach $2 trillion by the end of next year [3][13] Group 2: Autonomous Technology and AI Integration - The focus is shifting towards the AI chapter of growth, with Tesla and Nvidia being highlighted as key players in this space [5][13] - The company aims to dominate the autonomous market, potentially capturing 80% of it globally [13] - The performance of robo-taxis and the rollout of Optimus technology are critical factors for short-term execution and stock performance [9][10] Group 3: Investment Strategy and Stock Valuation - Investors are advised to add to their positions during market dips, with specific price points mentioned for potential investment [7][10] - Current stock prices are seen as constrained, with a target of around $460 for potential breakout [11] - The long-term outlook remains bullish, with projections of the stock reaching $600 to $700 based on AI developments and market positioning [13]