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1 Wall Street Analyst Thinks Tesla Is Worth $2 Trillion. Is It a Buy Now?
It's been a volatile and interesting year for Tesla (NASDAQ: TSLA) stock, its CEO, Elon Musk, and its various businesses. The stock has traded as low as $142 and as high as $480 per share over the past 12 months.One widely followed Wall Street analyst acknowledges the risks, but sees a very valuable company in Tesla. Wedbush's Dan Ives issued a new report last week, giving the electric vehicle (EV) leader a stock price target of $550 per share. (It's trading as of this writing just under $300 per share, with a market cap of $950 billion.) And Ives sees even more value emerging down the road.Tesla shares have dropped more than 25% from their December high. One reason for that has been investor angst about Musk and his new role with the Trump initiative called the Department of Government Efficiency (DOGE). As the Tesla CEO works to shake up the government, his time and attention spent at Tesla and his other ventures is likely suffering, as there are only so many hours in a day.Continue reading
It's been a volatile and interesting year for Tesla (NASDAQ: TSLA) stock, its CEO, Elon Musk, and its various businesses. The stock has traded as low as $142 and as high as $480 per share over the past 12 months.
One widely followed Wall Street analyst acknowledges the risks, but sees a very valuable company in Tesla. Wedbush's Dan Ives issued a new report last week, giving the electric vehicle (EV) leader a stock price target of $550 per share. (It's trading as of this writing just under $300 per share, with a market cap of $950 billion.) And Ives sees even more value emerging down the road.
Tesla shares have dropped more than 25% from their December high. One reason for that has been investor angst about Musk and his new role with the Trump initiative called the Department of Government Efficiency (DOGE). As the Tesla CEO works to shake up the government, his time and attention spent at Tesla and his other ventures is likely suffering, as there are only so many hours in a day.
