Tesla Bull Dan Ives Thinks Elon Musk's EV Giant Could Be Entering A 'Golden Era,' Says 2 Trillion Market Cap 'On The Table'
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Dan Ives, Managing Director at Wedbush Securities, believes Tesla is entering a 'golden era' with a potential market cap of $2 trillion due to advancements in autonomous technology and robotics. He anticipates short-term demand fluctuations but emphasizes the long-term growth potential, especially with the upcoming Robotaxi launch in Austin. Ives asserts that Tesla will surpass Waymo in this sector. Musk's commitment to Tesla for the next five years has positively impacted stock value, with TSLA trading at $331.70 in after-hours trading.
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