Tesla’s stock soared to yet another all-time high of $461 per share today, driven by optimism from analysts about the company’s future. It seems the stock surge cannot be stopped.
Wedbush analyst Daniel Ives raised their price target for Tesla from $400 to $515, citing major opportunities for autonomous driving and artificial intelligence (AI) under a potential second Trump administration. We’re seeing Tesla CEO Elon Musk being seen publicly right beside Trump at major events.
They believe that regulatory hurdles, which have slowed Tesla’s progress on self-driving technology, could be eased significantly, allowing the company to advance faster. The analyst even predicts Tesla’s market value could hit $2 trillion by the end of 2025, driven by growing demand, especially in China, and progress in autonomous technology.
Their bullish scenario sets a potential stock price of $650 by 2025, valuing Tesla’s AI and autonomous tech at $1 trillion alone. They also noted that Tesla’s Optimus robot project could provide even more upside, though it wasn’t factored into the current price target.
Ives maintained an “Outperform” rating for Tesla, signalling strong confidence in the company’s future growth.
Shares of Tesla hit a high of $461.45 today, and are currently up 4.6% for the day. Shares of Tesla are up 31% for the month and in the past three months, are up 101%. The company’s market cap is now at 1.46 trillion.
