Tesla’s (TSLA) stock is in the midst of its longest losing streak since going public 15 years ago, with shares falling for seven consecutive weeks since Elon Musk joined President Donald Trump’s administration.

Tesla (TSLA) stock has landed on Wedbush’s “best ideas list” as analyst Daniel Ives reaffirmed his bullish stance on the American EV giant.

Wedbush Securities has added Tesla Inc. (NASDAQ: TSLA) to its Best Ideas List, citing an upcoming innovation cycle that could drive massive growth. The firm maintained its Outperform rating with a $550 price target,

Wedbush Securities added Tesla (NASDAQ:TSLA) to its Best Ideas List amid what it calls a gut-check moment for the electric vehicle stock, with bears seen as controlling the narrative. Analyst Dan Ives said Tesla (NASDAQ:TSLA) is at the start of the biggest innovation and technology cycle in its history ahead over the next few years.