1 Wall Street Analyst Thinks Tesla Is Worth $2 Trillion. Is It a Buy Now?
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A Wall Street analyst, Dan Ives from Wedbush, has set a price target of $550 for Tesla (TSLA), currently trading under $300, and believes the company could reach a market cap of $2 trillion. Despite recent stock volatility and concerns over CEO Elon Musk's new role with the Department of Government Efficiency, Ives emphasizes Tesla's strong management and upcoming product launches, including a lower-priced EV and a driverless taxi service. He views Tesla as a buy for both the near and long term, driven by advancements in autonomous driving and AI.
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