Tesla stock has been under pressure since the electric vehicle maker’s robotaxi event failed to impress. Wedbush Securities managing director and senior equity analyst Dan Ives joins Julie Hyman and Josh Lipton on Market Domination and why he holds steadfast in his bullish view of Tesla.

"I came away, in 25 years covering tech, I think (it was) one of the most eye-popping historical events I've ever attended,” Ives tells Yahoo Finance. He says while there was criticism about the event and concerns that the tech is not as advanced as Tesla CEO Elon Musk suggests, Ives says bears said the same thing about iPhone 16, which the analyst expects to fuel a super cycle for Apple (AAPL).

“A lot of analysts, if it's not spoon-fed to you, they're bearish. They don't understand. The point is if I look at Cybercab, the autonomous future where this is all going, I mean, I think this is going to really be the start of a whole new company at Tesla.”

He says, “I get the lack of details and why people walk away wanting more, but I look, I just have a different take in terms of my view of where things are heading. And I think the way so many analysts have missed a lot of these stocks, going from $1 trillion to $2 trillion to $3 trillion… is that they can find the technology in their spreadsheets on the tenth floor of their New York City office building.”

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Naomi Buchanan.