Tesla Stock Price Target Revisited Amid Uncertainty
Tesla shares have lost more than $300 billion in market value since mid-December, as investors continue to fret about Elon Musk's time commitment to his role with President Donald Trump. The stock has fallen hard since mid-December, amid a disappointing set of fourth quarter earnings, the first year-on-year sales decline on record and slumping early 2025 deliveries in key overseas markets. However, Wedbush analyst Dan Ives reiterates his outperform rating and $550 price target, arguing that Tesla's focus on autonomous/robotics future will drive growth despite Musk's time commitment to DOGE.
- The disconnect between investor concerns about Musk's time allocation and the actual drivers of Tesla's underperformance highlights the need for a more nuanced understanding of the company's longer-term prospects.
- Will the increasing scrutiny of Elon Musk's role in government initiatives lead to a reevaluation of his leadership style at Tesla, potentially impacting the stock price?