Tesla's Stock Price Target Could Be $2 Trillion
It's been a volatile and interesting year for Tesla (NASDAQ: TSLA) stock, its CEO, Elon Musk, and its various businesses. 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 leader a stock price target of $550 per share.
- The high valuation of Tesla's stock could be a sign of investor confidence in the company's ability to overcome production and regulatory challenges, but it also raises concerns about the sustainability of such valuations in the face of growing competition.
- How will the electric vehicle industry evolve in the coming years, and what role will companies like Tesla play in shaping its future?