Tesla (NASDAQ:TSLA) has acquired yet one more vote of confidence from Wedbush Securities analyst Dan Ives.
In a current notice, Ives highlighted that Tesla’s autonomous driving program may have some breakthroughs within the Trump administration.
Wedbush Securities’ replace:
- In a notice, Ives acknowledged that Wedbush is elevating its worth 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 car 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 worth goal doesn’t embody Optimus but.
- That being stated, Ives did notice that he has a bull case worth goal of $650 per share for the electrical car maker.
- General, Ives famous that this might be the golden period for Musk and Tesla.
We’re elevating our worth goal on Tesla from $515 to $550 as we now have rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future beneath 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 now have rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future beneath the Trump Administration. Our time spent chatting with many within the Beltway the previous few weeks give us a rising confidence the Trump White Home the subsequent 4 years might be a ‘whole sport 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 may 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 count on from the core China market in 2025 with optimistic commentary from Musk/Tesla we count on subsequent week on the earnings name. Importantly, our worth goal conservatively assumes no worth as we speak for Optimus which might be a serious upside catalyst for the Tesla story,” Ives famous.
NEWS: Wedbush analyst @DivesTech has elevated his $TSLA worth goal to $550 (from $515).
“We now have rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future beneath the Trump Administration. Our time spent chatting with many within the…
— Sawyer Merritt (@SawyerMerritt) January 22, 2025
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