Wedbush analyst Dan Ives think Tesla stock will soar 115% to a $3 trillion market value.

Dan Ives at Wedbush Securities says the market is underestimating how profoundly Tesla ( TSLA 2.93% ) will benefit from autonomous driving technology and robotics. He recently told CNBC, "This continues to be, in my opinion, the most undervalued true AI play." That may surprise readers because Ives also covers Nvidia and Palantir , both of which are cornerstones of the AI trade.

Ives says Tesla will eventually achieve a market capitalization of $3 trillion as physical artificial intelligence products become a material source of revenue. That forecast implies 115% upside from its current market value just shy of $1.4 trillion. But most analysts are less optimistic. Tesla's median target pr

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