Tesla (NASDAQ:TSLA) sparks a wide range of opinions on Wall Street. Some believe its upcoming opportunities, such as robotaxis, FSD, and Optimus, justify its extremely lofty valuation, while others argue these efforts remain speculative and shouldn’t yet be factored in. Furthermore, given its trouble selling enough cars, the bears believe the company is not deserving of a place amongst the upper echelons of the market cap ladder.

Market News

‘Total Game Changer,’ Says Daniel Ives About Tesla Stock’s Upcoming Opportunity

Marty ShtrubelJan 23, 2025, 07:08 PMA+A-

Tesla (NASDAQ:TSLA) sparks a wide range of opinions on Wall Street. Some believe its upcoming opportunities, such as robotaxis, FSD, and Optimus, justify its extremely lofty valuation, while others argue these efforts remain speculative and shouldn’t yet be factored in. Furthermore, given its trouble selling enough cars, the bears believe the company is not deserving of a place amongst the upper echelons of the market cap ladder.

It’s not hard to tell which side of the argument Wedbush analyst Daniel Ives favors. Already the Street’s biggest TSLA bull, Ives has become even more optimistic about Tesla’s prospects, raising his price target to a Street-high of $550, implying a 32.5% upside in the year ahead. Needless to say, Ives rates TSLA stock an Outperform (i.e., Buy). (To watch Ives’ track record, click here)

As for that bullish move, Ives lays out his case: “We have growing confidence in the demand delivery story for 2025 along with a fast tracking of the autonomous future under the Trump Administration. Our time spent speaking to many in the Beltway the last few weeks give us a growing confidence the Trump White House the next 4 years will be a ‘total game changer’ for the autonomous and AI story for Tesla and Musk over the coming years.”