Tesla (NASDAQ:TSLA) has acquired one more vote of confidence from Wedbush Securities analyst Dan Ives.
In a latest word, Ives highlighted that Tesla’s autonomous driving program may have some breakthroughs within the Trump administration.
Wedbush Securities’ replace:
- In a word, 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 car maker this 2025.
- Wedbush can be anticipating Tesla’s FSD program to get fast-tracked by the Trump administration.
- In a follow-up publish on X, Ives defined that Wedbush’s already optimistic $550 per share value goal doesn’t embody Optimus but.
- That being stated, Ives did word that he has a bull case value goal of $650 per share for the electrical car maker.
- Total, Ives famous that this may very well be the golden period for Musk and Tesla.
We’re elevating our value 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 below the Trump Administration. We view this as a golden period for Musk and Tesla into 2025 🔥🏆🐂🍿🤝
— Dan Ives (@DivesTech) January 22, 2025
Ives’ take:
- “Now we have rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future below the Trump Administration. Our time spent talking to many within the Beltway the previous couple of weeks give us a rising confidence the Trump White Home the subsequent 4 years might 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 consider Tesla may attain a $2 trillion market cap by the tip of 2025 as the corporate’s autonomous imaginative and prescient begins to take form together with very strong Tesla supply demand we count on from the core China market in 2025 with constructive commentary from Musk/Tesla we count on subsequent week on the earnings name. Importantly, our value goal conservatively assumes no worth right this moment for Optimus which may very well 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).
“Now we have rising confidence within the demand supply story for 2025 together with a quick monitoring of the autonomous future below the Trump Administration. Our time spent talking to many within the…
— Sawyer Merritt (@SawyerMerritt) January 22, 2025
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