Wall Street looks bearish on Tesla at first glance. And it is -- at least on average. But plenty of analysts and everyday investors remain extremely bullish.

NEW YORK (AP) — Wall Street is hanging near its records on Thursday, though the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big U.S. companies.

Wall Street is hanging near its records on Thursday, but the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rallying, and Tesla is sinking sharply following a jumble of profit reports from big U.

Asian shares are lower after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks offset a steep tumble for EV-maker Tesla.

Dan Ives, a notable analyst at Wedbush Securities, has a $500 price target on Tesla ( TSLA 3.13%) stock -- the highest of any analyst. Why is he so bullish? It all comes down to a $1 trillion opportunity that he thinks should send Tesla's stock price soaring for years to come.

NEW YORK (AP) — Wall Street is hanging near its records on Thursday, though the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big U.S. companies.

Wall Street inched to more records Thursday as gains for Alphabet and artificial-intelligence stocks helped make up for Tesla’s steep tumble. The S&P 500 added 0.1% to its all-time high set the day before.

Tesla points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.