Dan Ives Calls Elon Musk's Trump White House Exit 'Music To The Ears Of Tesla Shareholders,' Predicts Renewed Autonomous Vehicle Focus
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Wedbush Securities analyst Dan Ives praised Elon Musk's exit from the Trump administration, viewing it as beneficial for Tesla shareholders. Ives noted that Musk's departure allows him to concentrate on Tesla's electric vehicle and autonomous driving initiatives. Following the announcement, Tesla shares rose 2.9% in overnight trading. Ives also increased his price target for Tesla from $300 to $400, citing potential valuation growth from a renewed focus on AI and autonomous technology. Musk's return to business operations aims to alleviate investor concerns about his political distractions.
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