11:05 AM EDT, 06/09/2025 (MT Newswires) -- Tesla's (TSLA) timing for the anticipated Robotaxi launch in Austin, Texas, this week "in not ideal," though Chief Executive Officer Elon Musk's feud with President Donald Trump "is not getting in the way, Wedbush Securities said Monday in a note.

"It would not be a surprise to see Trump and Musk slowly mend the fences." Wedbush said. "Musk needs Trump for many reasons including a green light on a federal framework for autonomous."

"We estimate the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla and we fully expect under a Trump White House, these key initiatives will get fast-tracked," Wedbush said.

"We believe over the coming year we will see Robotaxi deployed in 20 to 25 cities in the US" after the rollout expected in Austin on Thursday, Wedbush said.

Wedbush maintained its outperform rating on Tesla's stock with a $500 price target.

Tesla shares rose 0.3% in recent trading Monday, erasing earlier losses.

Price: 296.06, Change: +0.92, Percent Change: +0.31