Wedbush Securities analyst Dan Ives raised his Tesla price target to $515, anticipating a ‘game-changer’ effect from a Trump presidency on Tesla’s AI and autonomous driving initiatives. Ives projects a potential $2 trillion market cap for Tesla by 2025, driven by autonomous vehicle advancements. However, this prediction is partially contingent on potential policy changes, including abolishing the EV tax credit.
Leaked information suggests Tesla is gearing up to launch a revolutionary sub-$30,000 Model Q hatchback EV in the first half of 2025. This affordable electric vehicle could significantly expand Tesla’s market reach and accelerate its growth trajectory.
Amidst ongoing market fluctuations and speculation about Elon Musk’s dual roles as CEO of Tesla and Twitter, the tech magnate has reaffirmed his primary focus on Tesla. During the company’s first-quarter earnings call, Musk emphasized that Tesla occupies the majority of his work time and expressed confidence in its continued prosperity. However, his comments came after a recent stock downturn following reports of disappointing deliveries and concerns about his potential reduced involvement with Tesla in the future.
