Tesla’s stock has once again hit an all-time high, reaching $461 per share today. This surge in stock price is fueled by optimism from analysts who see a bright future for the company. Wedbush analyst Daniel Ives recently raised their price target for Tesla from $400 to $515, highlighting the potential for growth in autonomous driving and artificial intelligence (AI) technologies.
Ives believes that under a potential second Trump administration, regulatory hurdles that have slowed Tesla’s progress in self-driving technology could be significantly eased. This would allow the company to make faster advancements in this area. The analyst predicts that Tesla’s market value could reach $2 trillion by the end of 2025, driven by increasing demand, particularly in China, and advancements in autonomous technology.
In a bullish scenario, Ives envisions a potential stock price of $650 by 2025, with Tesla’s AI and autonomous tech alone being valued at $1 trillion. He also mentions the potential upside from Tesla’s Optimus robot project, although it is not factored into the current price target. Despite the optimistic outlook, Ives maintains an “Outperform” rating for Tesla, indicating strong confidence in the company’s future growth.
Tesla’s shares reached a high of $461.45 today, marking a 4.6% increase for the day. Over the past month, the stock has surged by 31%, and in the last three months, it has seen a remarkable 101% increase. With a market cap now at 1.46 trillion, Tesla continues to solidify its position as a key player in the automotive and technology industries. Investors and analysts alike are keeping a close eye on the company’s progress and potential for further growth in the coming years.