Tesla (NASDAQ:TSLA) has obtained one more vote of confidence from Wedbush Securities analyst Dan Ives.
In a latest observe, Ives highlighted that Tesla’s autonomous driving program might have some breakthroughs within the Trump administration.
Wedbush Securities’ replace:
- In a observe, Ives said that Wedbush is elevating its value goal for Tesla inventory from $515 per share to $550 per share.
- That is partly because of the agency’s rising confidence within the demand supply story for the electrical automobile maker this 2025.
- Wedbush can also be anticipating Tesla’s FSD program to get fast-tracked by the Trump administration.
- In a follow-up submit on X, Ives defined that Wedbush’s already optimistic $550 per share value goal doesn’t embrace Optimus but.
- That being stated, Ives did observe that he has a bull case value goal of $650 per share for the electrical automobile maker.
- General, Ives famous that this might be the golden period for Musk and Tesla.
We’re elevating our value goal on Tesla from $515 to $550 as we have now rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future underneath the Trump Administration. We view this as a golden period for Musk and Tesla into 2025 🔥🏆🐂🍿🤝
— Dan Ives (@DivesTech) January 22, 2025
Ives’ take:
- “We have now rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future underneath the Trump Administration. Our time spent chatting with many within the Beltway the previous couple of weeks give us a rising confidence the Trump White Home the subsequent 4 years shall be a ‘whole recreation changer’ for the autonomous and AI story for Tesla and Musk over the approaching years. Our bull case stays $650 for 2025.
- “We imagine Tesla might attain a $2 trillion market cap by the top of 2025 as the corporate’s autonomous imaginative and prescient begins to take form together with very stable Tesla supply demand we anticipate from the core China market in 2025 with constructive commentary from Musk/Tesla we anticipate subsequent week on the earnings name. Importantly, our value goal conservatively assumes no worth in the present day for Optimus which might be a significant upside catalyst for the Tesla story,” Ives famous.
NEWS: Wedbush analyst @DivesTech has elevated his $TSLA value goal to $550 (from $515).
“We have now rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future underneath the Trump Administration. Our time spent chatting with many within the…
— Sawyer Merritt (@SawyerMerritt) January 22, 2025
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