Summary
- Tesla could achieve a $2 trillion market cap in the next 12 to 18 months
- The company’s advancements in AI and autonomous technology are key factors for Tesla’s growth
- The electric vehicle maker’s autonomous driving efforts alone could be worth a trillion dollars
- Elon Musk’s rapport with the Trump administration could expedite Tesla’s self-driving car initiatives
- Tesla stock has seen momentum following Donald Trump’s win in the 2024 U.S. presidential elections
Article
Wedbush Securities Global Head of Technology Research Dan Ives predicts that Tesla could achieve a $2 trillion market cap within the next 12 to 18 months. He points to the company’s advancements in AI and autonomous technology as key factors in Tesla’s potential growth. Ives believes that Tesla’s autonomous driving efforts alone could be worth a trillion dollars, making it a strong contender for reaching a $2 trillion valuation.
During a segment on CNBC’s Closing Bell, Ives expressed his optimism for Tesla’s future growth despite its recent rally. He emphasized that he views Tesla as the most undervalued name in the market and sees it as a stock that could potentially double in value over the next 12 to 18 months. Ives believes that Cybercab and Autonomous driving could be worth $1 trillion alone to the Tesla story, indicating the significant potential for growth in the company’s AI and autonomous technology.
In a report, Ives highlighted Elon Musk’s relationship with a Trump-led administration as a potential catalyst for Tesla to expedite its self-driving car initiatives. He expects that under a Trump White House, Tesla’s initiatives will be fast-tracked as federal regulatory hurdles are cleared significantly. Wedbush has rated Tesla stock as Outperform with a price target of $400, one of the highest in the Street, reflecting confidence in the company’s future growth prospects.
Following Donald Trump’s win in the 2024 U.S. presidential elections, Tesla stock has seen significant momentum, with shares up nearly 40% for the year. The company has also surpassed a market cap of $1.07 trillion, putting it among the select group of companies with valuations exceeding a trillion dollars. This growth has been attributed to the market’s positive reaction to Tesla’s advancements in AI and autonomous technology as well as speculation about potential regulatory support under the new administration.
With Tesla positioned as one of the most undervalued AI firms in the market, according to the Wedbush analyst, Dan Ives, there is considerable excitement surrounding the company’s future prospects. Ives’ bullish outlook on Tesla’s potential for growth, driven by its advancements in AI and autonomous driving technology, has garnered attention from investors and analysts alike. Tesla’s recent market performance and its trajectory towards a $2 trillion market cap have solidified its position as a key player in the emerging AI and autonomous vehicle market.
Overall, the combination of Tesla’s advancements in AI and autonomous technology, along with potential regulatory support under a Trump-led administration and positive market momentum, sets the stage for Tesla to achieve significant growth in the coming months. The company’s valuation surpassing a trillion dollars and its strong performance in the market underscore the optimism surrounding Tesla’s future prospects. With the support of analysts like Dan Ives and Wedbush Securities, Tesla’s potential to double in value and reach a $2 trillion market cap within the next year and a half seems increasingly plausible.
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