Summary
- Wedbush Securities analyst Dan Ives raised Tesla’s price point from $300 to $400 due to Trump’s presidency being a game-changer for Tesla
- Tesla stocks surged after Donald Trump secured his second term as President of the United States, reaching a $1.02 trillion market cap
- Dan Ives forecasted that Trump’s presence in the White House could push Tesla’s market cap to $1.5 trillion
- Wedbush and ARK Invest are optimistic about Tesla’s AI and autonomous technology, estimating it to be worth $1 trillion
- Institutional investors steadily increased their TSLA holdings in 2024, with 66.2% ownership as of November 2024
Article
Wedbush Securities analyst Dan Ives announced that the financing firm raised Tesla’s price point from $300 to $400, citing optimism surrounding the company’s autonomous and AI story following Donald Trump’s reelection. The firm believes Trump’s presidency is a game-changer for Tesla, with Tesla stocks surging after his victory and the company reaching a $1.02 trillion market cap just days after the elections.
Senior Equity Analyst at Wedbush, Dan Ives, noted that while Trump’s presidency might negatively impact the general electric vehicle sector, it could prove beneficial for Tesla. He forecasted that Trump’s presence in the White House could push Tesla’s market cap to $1.5 trillion, indicating strong confidence in the company’s future growth potential, particularly in the AI and autonomous sectors.
Wedbush estimates that Tesla’s AI and autonomous sector alone is worth $1 trillion, with Tesla bull ARK Invest sharing similar sentiments about the company’s technology. ARK predicts that Tesla’s robotaxi ride-hailing services will greatly contribute to its enterprise value and earnings, further strengthening the overall outlook for the company’s future success.
In addition to Wedbush and ARK Invest, institutional investors have shown a growing interest in Tesla, steadily increasing their TSLA holdings throughout 2024 even before Trump’s election win. As of November 2024, institutional investors own about 66.2% of Tesla stock, reflecting strong confidence in the company’s long-term prospects and potential for continued growth under Trump’s presidency.
For more information or tips on Tesla and related topics, readers can contact the writer at maria@teslarati.com or via X @Writer_0100110 for further insights and analysis. With the positive outlook from Wedbush, ARK Invest, and institutional investors, Tesla’s prospects appear strong, with a price target increase to $400 following Trump’s win, highlighting the continued confidence in the company’s future growth potential and technological innovations in the AI and autonomous sectors. Visit TESLARATI Marketplace for more information and updates on Tesla and related developments.
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