Artificial intelligence (AI) technology will propel Tesla to $2 trillion in the next few months, according to Wall Street analyst Dan Ives. Ives, who works at Wedbush Securities, highlighted that automobile and technology company’s share could experience a major boost due to its foray into the technology.
Tesla’s Elon Musk and his close relationship with President-elect Trump are already having a huge impact on the EV maker, says Wedbush.
Cathie Wood, founder and CEO of ARK Investment Management LLC, defended the future of artificial intelligence investments while highlighting Tesla Inc. as a cornerstone of technological innovation during a recent podcast appearance with SoFi's Head of Investment Strategy,
Tesla (NASDAQ:TSLA) could reach a $2 trillion valuation over the next 12 to 18 months as full-self-driving, autonomous penetration, and the Cybercab represent the “Golden Goose” for the automaker/technology company.
A new video appears to show that Tesla's Optimus robot has mastered the complex process of catching an object in midflight.
Grand View Research estimates autonomous vehicle sales will increase at 22% annually through 2030, and Global Market Insights expects autonomous ride-sharing revenue to grow at 64% annually through 2032. That could lead to rapid earnings growth for Tesla given that software and services earn higher margins than electric vehicles.
Gary Black of The Future Fund LLC confirmed that Tesla's Cybercab won't launch until 2026, dismissing early rollout rumors, while highlighting the company's focus on a $30K EV slated for 2025.
Brian gave two major insights about robotaxi and Tesla full self driving that literally left Herbert speechless. One is xAI will help Tesla AI triple AI supercomputer data center compute in March or April 2025. Another is that Tesla will give an better upgrade than people expect in the second half of 2025.
While long-term investors appear to see substantial upside for Tesla from a Trump presidency, we’d be much more circumspect about Tesla stock at current levels.
Stock for Elon Musk’s only public company, Tesla, has had a healthy November as the polarizing figure saw a variety of wins.
The EV maker’s stock gained 3.7% on Friday, leaving the shares ahead nearly 40% for the year and giving it a market value of around $1.07 trillion.
Tesla shares have rallied sharply since the election, though its valuation implies growth far beyond what Wall Street is forecasting, UBS analysts said.