Tesla (NASDAQ: TSLA) received another vote of confidence from Wedbush Securities analyst Dan Ives.
In a recent note, Ives noted that Tesla’s self-driving program could see breakthroughs in the Trump administration.
Update from Wedbush Securities:
- In a note, Ives said Wedbush was increasing its price target for Tesla stock from $515 per share to $550 per share.
- This is partly due to the company’s growing confidence in meeting the electric vehicle maker’s demand in 2025.
- Wedbush also expects Tesla’s FSD program to be accelerated by the Trump administration.
- In a follow-up article on X, Ives explained that Wedbush’s already optimistic target of $550 per share does not yet include Optimus.
- That being said, Ives noted that he has an upside price target of $650 per share for the electric vehicle maker.
- Overall, Ives noted that this could be the golden age for Musk and Tesla.
We are raising our price target on Tesla from $515 to $550 as we have growing confidence in demand delivery for 2025 as well as a rapid evolution of the autonomous future under the Trump administration. We see this as a golden age for Musk and Tesla until 2025 🔥🏆🐂🍿🤝
–Dan Ives (@DivesTech) January 22, 2025
Ives’ view:
- “We have growing confidence in realizing the 2025 demand as well as rapidly progressing toward a self-sustaining future under the Trump administration. The time we’ve spent talking to many people on the Beltway over the past few weeks gives us growing confidence that the Trump White House over the next 4 years will be a total game-changer for the history of the autonomy and AI for Tesla and Musk in the years to come. Our bullish scenario remains at $650 for 2025.
- “We believe Tesla could reach a market cap of $2 trillion by the end of 2025, as the company’s autonomous vision begins to take shape, alongside very strong Tesla delivery demand that we We expect from China’s main market in 2025, with positive comments from Musk/Tesla expected. next week during the earnings call. Importantly, our price target today does not assume any value for Optimus, which could be a major bullish catalyst for the Tesla story,” Ives noted.
NEWS: Wedbush analyst @DivesTech increased his $TSLA price target at $550 (instead of $515).
“We have growing confidence in realizing the 2025 demand as well as rapidly progressing toward a self-sustaining future under the Trump administration. Our time speaking to many people in the…
-Sawyer Merritt (@SawyerMerritt) January 22, 2025
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