Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai
Tesla CEO Elon Musk at an event in Shanghai.
  • Tesla's stock could jump another 20%, Wedbush said in a note on Thursday.
  • Analyst Dan Ives compared it to Apple in the late 2000s, when it started to monetize some products.
  • He raised his price target to $350 despite Tesla's so-so second-quarter results.

Tesla could add $190 billion to its valuation, according to Wedbush analyst Dan Ives.

He raised his price target for the EV maker by $50 to $350, arguing in a note that Elon Musk's company has demonstrated that it can monetize key products including its supercharger network and self-driving tech.