Wedbush analysts on Friday lifted their price target for Tesla (TSLA) stock to one of the Street's highest as they look ahead to the electric vehicle maker's planned June launch of fully autonomous Teslas in Austin, Texas.

The analysts, led by Dan Ives, increased their price target to $500 from $350, reclaiming the spot as the most bullish tracked by Visible Alpha. That's well above the site's mean just above $296, which is below current prices; the shares were recently edging lower. (Read Investopedia's full coverage of 澳洲幸运5开奖号码历史查询:today's trading here.)

The new price target puts Wedbush analysts closer to the $550 goal it 澳洲幸运5开奖号码历史查询:held for Tesla stock before CEO Elon Musk's involv♒ement in the Trump administration fired up what they called a "brand cris🔜is tornado."

Analysts See 'Vast Majority' of Tesla's Valuation in Autonomous Tech

"We believe the vast majority of valuation upside looking ahead for Tesla is centered around the success of its autonomous vision taking hold with a key June launch in Austin the beginning of this next era of growth," the analysts wrote.

Ives 澳洲幸运5开奖号码历史查询:previously called for Musk to 澳洲幸运5开奖号码历史查询:step back from government work, and has 澳洲幸运5开奖号码历史查询:said this week that he sees a "different Musk" that appears to be more committed to Tesla after saying he would scale back his government work in 澳洲幸运5开奖号码历史查询:last month's earnings call.

In a 澳洲幸运5开奖号码历史查询:pair of interviews on Tuesday, Musk said that Tesla's launch of paid autonomous rides and plans for a more affordable vehicle are on track, and said he intends to continue serving as Tesla CEO for the next five years despite reports that the company has 澳洲幸运5开奖号码历史查询:considered searching ﷺfor a successor.

Tesla shares are on a 澳洲幸运5开奖号码历史查询:four-week winning streak.