$TSLA News - TESLARATI

Tesla’s long-term focus, position land it huge new price target bump

Joey Klender — Wed, 18 Dec 2024 22:18:33 +0000

Tesla’s focus on sustainable energy and its disruption in various sectors, as well as its current position as a leader in those sectors, has landed it a huge new price target bump from a Wall Street firm.

Vijay Rakesh of Mizuho Securities has increased his Tesla price target by more than double, as it now lands at $515, up from $230. Rakesh also upgraded the shares to ‘Outperform’ from ‘Neutral.’

Tesla has been an industry leader and major disruptor in the automotive, energy, AI, autonomy, and robotics sectors by shaking up these sectors in various ways.

The company’s focus on these sectors and its position as a leader has put it in prime position to dominate various industries moving forward, especially as other companies and competitors will be playing catchup or partially ditching their efforts altogether.

Rakesh wrote in a note to investors (via Yahoo! Finance):

“We expect TSLA’s leadership across EVs, solar/battery storage, and charging infrastructure should allow the company to better weather the storm than less-established peers as the Trump administration removes subsidies for key end-markets. We also see less stringent regulation on autonomous vehicles (‘AVs’) as a key tailwind to TSLA’s ability to scale FSD/Robo-Taxi deployments, with our base case scenario implying significant long-term revenue from AV operations.”

Mizuho is also looking at a potential bull case for Tesla shares at $681 but this is reliant on Robotaxi deployments, solving Full Self-Driving, and more progress on Optimus and AI moving forward.

It is the second price target bump Tesla has received this week, as Dan Ives also pushed his outlook for the stock upward for the second time since the Presidential election in early November.

Ives, a Wedbush analyst, had a $400 price target but pushed it to $515 on Sunday.

Tesla shares were down nearly 9 percent today, but are still up over 77 percent on the year. All but two percent percent of the gains have come post-election.

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Tesla gets new synopsis and price target that investors will love to hear

Joey Klender — Wed, 18 Dec 2024 15:24:12 +0000

Tesla shares (NASDAQ: TSLA) received a new synopsis today from one Wall Street firm that investors will love to hear as the stock continues a meteoric climb since the Presidential Election.

Baird analyst Ben Kallo continued the bullish sentiment that many analysts are pushing on the EV maker’s stock over the past month and a half as Tesla continues to gain value based on the catalysts it has moving forward with President-elect Donald Trump set to take the White House in January.

Kallo said in a note to investors on Tuesday that the company has “several upcoming potential catalysts” and that Baird “likes the stock long term.”

The note also came with a boosted price target of $480 from $280. Kallo also reiterated his “Outperform” rating on Tesla shares.

The analyst recommends that investors buy “particularly on pullbacks,” especially considering that the company has several things that could help the stock climb higher in the future.

Credit: Tesla

Kallo specifically mentions several things, including:

The introduction of new vehicles will help increase volume
- Tesla is leveraging affordable models that are set to launch in the first half of 2025, as well as the Robotaxi fleet to bolster annual growth moving forward
Removal of the EV tax credit by the Trump White House
- Although this would potentially be a negative across the board, it would be a positive for Tesla as it will hurt competitors more than them
Production costs continue to decrease
- Tesla is profitable on every vehicle it builds, including Cybertruck, which reached a positive gross margin in less than one year
Expansion into new markets
- Tesla is specifically targeting new Asian and South American markets
Growth in the energy division
- Many forget Tesla is more than just a car company, and its performance as an energy provider in 2024 was better than ever
Full Self-Driving approval in new markets
- Tesla hopes to launch FSD in China and Europe in the next year
Tesla Optimus robots
- Tesla says it will begin deploying these robots in its factories considerably in the coming years

There are also some things that Kallo and Baird list as potential weaknesses, including the company’s valuation, potentially “lumpy” sales with new vehicle introductions, Robotaxi delays and accidents, which are commonly mentioned by mass media, and the potential that the removal of the EV tax credit could be a bigger negative than expected.

Tesla shares are down just over 1 percent at 10:20 a.m. on the East Coast, trading at around $474.30.

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Jim Cramer makes interesting claim about Tesla’s recent stock surge

Joey Klender — Tue, 17 Dec 2024 20:18:42 +0000

Jim Cramer made an interesting claim on an episode of his CNBC show Mad Money by stating that “everyone should have seen [Tesla’s stock surge] coming.”

He also said that the recent rally is “one for the ages,” especially because it accounts for so much of Tesla’s gains on Wall Street this year.

Cramer aligned the stock surge with the election and America’s decision to put Donald Trump back in the White House in January. Tesla CEO Elon Musk was a big part of that decision, campaigning with the President-elect throughout October and November and also taking millions from his own pocket to help seal the deal.

The move by Musk was called a “bet for the ages” by Wedbush’s Dan Ives in a note earlier this week. Cramer shared that narrative, at least in a sense.

Tesla continues to soar after bull pushes price target up again, adding a new bull case

Cramer shared his opinion during the segment on Tesla that the company is now looking more robust from an investor’s perspective than ever, especially considering the company now has some firepower with Trump potentially leading the way with eased regulatory hurdles.

These potentially laid-back terms that Trump could roll out with both artificial intelligence and autonomous driving would be things Tesla would appreciate. They are both focuses of the company, especially playing into the hand of Full Self-Driving.

Jim Cramer: Tesla’s rally since the election is one for the ages.

“It’s a move in retrospect everyone should have seen coming. It was easily missed by the numbers guys on Wall Street. The public doesn’t listen to Wall Street research. The public knew one key thing that the… pic.twitter.com/4Cqd55g7gB

— Sawyer Merritt (@SawyerMerritt) December 17, 2024

Tesla shares are up 90 percent since the election and 92.65 percent this year, reaching all-time highs on several occasions over the past two weeks.

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Tesla CEO Elon Musk makes lofty and hilarious prediction for the stock

Joey Klender — Tue, 17 Dec 2024 17:36:24 +0000

If we know a few things about Tesla CEO Elon Musk, it is that he loves a good meme and has a lot of money because of his holdings in the EV maker.

There are a few rare occasions where these two things go hand-in-hand, and on Monday night, we got exactly that.

Tesla shares have been running up since the election, which saw President-elect Donald Trump win for the second time in three times. He became the first President since Grover Cleveland in the late 1800s to win in non-consecutive terms.

The company’s stock is up big — over 85 percent — since Trump’s big win on Tuesday, November 5. Along with the stock run-up are a few meme-worthy numbers, like $420.69 and $469.42, a few prices that usually get a giggle from the diehard Tesla fans on X, Musk’s social media platform.

With all of these numbers and a near-endless combination of them available, Tesla shareholders are waiting for their next opportunity to laugh at their skyrocketing portfolios and the prices that come along with them. One investor said the next big number will be $690.42, a price that is over $200 away.

It will also skyrocket Tesla to a $2 trillion market cap.

Musk says he believes Tesla shares will reach that price again in the future, marking a lofty prediction for the company in the coming years as many believe the stock’s surge is far from over, especially in the long term:

At some point in the future, I think that will happen

— Elon Musk (@elonmusk) December 17, 2024

Wall Street firms and the analysts that follow the stocks, at least from a bullish perspective, have big numbers for Tesla.

Wedbush’s Dan Ives boosted his price target for the second time since the election this past weekend, believing the Trump White House will benefit the company’s AI and Full Self-Driving goals with streamlined regulatory processes, something Tesla has worked against for years.

Ives said in a note to investors:

“We estimate the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla and we fully expect under a Trump White House these key initiatives will now get fast-tracked as the federal regulatory spiderweb that Musk & Co. have encountered over the past few years around FSD/autonomous clears significantly under a new Trump era. We believe Tesla could reach a $2 trillion market cap by the end of 2025 as the company’s autonomous vision starts to take shape…”

Tesla continues to soar after bull pushes price target up again, adding a new bull case

Tesla shares are up again today, trading at $468.53 at 12:33 p.m. on the East Coast. The stock is up over 88 percent so far this year.

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Tesla continues to soar after bull pushes price target up again, adding a new bull case

Joey Klender — Mon, 16 Dec 2024 16:40:59 +0000

Tesla (NASDAQ: TSLA) is continuing to soar on Wall Street following another price increase from Wedbush analyst Dan Ives, who pushed his price target on shares upward for the second time since President-elect Donald Trump won the election.

Trump’s victory and Tesla CEO Elon Musk’s relationship with him were bullish indicators directly after the election, and Ives saw the opportunity to push the price target to $400.

However, the company’s stock surge has continued and has soared well past $400, inciting Ives to push the price target up once again, which has now gone to $515.

Ives believes the Trump White House taking over the country for the next four years will be extremely bullish for Tesla, especially considering the company’s autonomous and AI prerogatives.

Wedbush said in a note to investors on Sunday:

“We are raising our price target on Tesla to $515 from $400 as we believe the Trump White House the next 4 years will be a ‘total game changer’ for the autonomous and AI story for Tesla and Musk over the coming years.”

$515 is not the only price target that Wedbush set. Ives said that the firm will also have a $650 bull case price target for 2025, mainly because of the company’s opportunities within AI, as well as growth in regions like China:

Tesla China is still pulling lots of customers as Q4 enters final weeks

Ives recognizes that Musk’s commitment to helping Trump get elected for his second term was “a bet for the ages” and could benefit Tesla in getting AI and FSD through regulatory processes in a more streamlined manner.

Wedbush maintained its “Outperform” rating on shares. Tesla is trading up roughly 4.2 percent at $454.68 at 11:40 a.m. on the East Coast.

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Tesla bull ARK offloads over 51,000 shares amid stock run up

Joey Klender — Thu, 12 Dec 2024 17:31:59 +0000

Tesla bull ARK Invest offloaded over 51,000 shares of the electric automaker on Wednesday night after the company’s run on Wall Street continued.

ARK sells Tesla shares to equal out the concentration of certain securities within its ETFs. The sale is not a statement that the company is ready to unload what it has to take a profit.

The sale came out of ARK’s Innovation ETF, known as ARKK. On Wednesday night, it was one of two moves the firm made in the portfolio, along with the purchase of 348,733 shares of Tempus AI.

ARK Invest’s Cathie Wood predicts Tesla’s fivefold growth in the next 5 years

To be exact, ARK sold 51,335 shares of Tesla on Wednesday night, making up 0.3052 of the ETF. Based on the closing price from Wednesday, the sale was worth roughly $21,805,500.

ARK is one of Tesla’s biggest bulls. Apart from Wedbush and Morgan Stanley, ARK is perhaps the most bullish firm out there that covers Tesla.

Recently, the firm broke down its expectations for the robotaxi fleet that will coincide with the Cybercab that Tesla unveiled in October. ARK said it expects the “multi-trillion dollar” opportunity to dominate competitors like Uber and Lyft:

“In our view, Tesla should enjoy a price umbrella at its robotaxi launch, thanks to the high level of current ride-hail prices, as shown below, while leveraging a lower cost per mile than the average vehicle on the road. Why? The operating costs associated with electric vehicles are roughly one-third those of their gas-powered counterparts.⁴ Without safety drivers, Tesla has suggested that, at scale, its robotaxi rides will cost consumers only $0.30-0.40 cents per mile,⁵ slightly higher than ARK’s estimate of ~$0.25 per mile but well below current ride-hail costs of ~$2 per mile and personal car ownership costs of ~$0.70 per mile.⁶ Lower price points could unlock ~$11 trillion in revenue potential, ~80 times larger than the addressable market that Uber and Lyft target today, as shown below.”

Tesla shares are trading at around $420 on Thursday.

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Tesla’s path to $2 trillion market cap laid out by Wedbush

Joey Klender — Thu, 12 Dec 2024 15:21:18 +0000

Tesla has a clear-cut path to a massive $2 trillion market capitalization, which would make it the sixth-most valuable company in the world if all remains the same.

The company has spent the last month and a half bolstering its position as one of the best investments on Wall Street, as it has swelled over 73 percent since election night on November 4. However, there is more to be done.

Although Tesla is a top ten company in terms of market cap and by far the most valuable automaker in the world, there are so many things in the funnel that could help it gain more value, and not a small amount of value either.

Wedbush’s Dan Ives included Tesla in the firm’s Top 10 Christmas List for the Tech Sector in 2025, outlining a clear path for the company to make it to the $2 trillion threshold for the first time.

How Tesla can reach $2 trillion market cap

Tesla’s growth is likely going to be stalled if it only relies on automotive growth. Increasing deliveries to two and eventually three million cars a year would be a major accomplishment, but it is nothing other car companies are not doing already.

Instead, it will rely on its other projects to bolster its value and continue to add more in the coming years. One of the biggest is the prospect of fully autonomous driving and its Full Self-Driving suite.

Ives writes in his note that the autonomous vehicle projects Tesla is currently working on are worth $1 trillion alone in a bull-case scenario, and it could potentially achieve some of this in 2025.

The analyst writes:

“We believe with the autonomous story at Tesla worth $1 trillion alone that in a bull case scenario by the end of 2025, Tesla could achieve a $2 trillion market cap threshold. FSD, autonomous, and the launch of Cybercab for early 2026 are keys for Tesla.”

It goes deeper than just FSD and autonomy. The release of the Tesla Cybercab also plays a major role in the company’s ability to continue adding massive value, which is something investors are depending on in the coming years.

Tesla said it will launch the Cybercab “before 2027,” but it could have a suite robust enough for autonomous driving before it actually launches the vehicle itself. This is purely prospective, and it should be noted that Tesla has said for years it would solve autonomy, only to push back its timelines.

Credit: Tesla

We have heard CEO Elon Musk say many times that FSD would be solved by the end of the year.

That is not to say it will never happen. With the recent release of FSD v13.2, Tesla seems to be closer than ever before, but that goes without saying because of the progress it makes with data with every mile driven.

Even still, the autonomous driving project Tesla has been pot committed to for several years holds tremendous value in the grand scheme of the company story. Ives’s forecast of $1 trillion in value could hold true, and if it is, investors will be rewarded heavily for their efforts.

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Tesla is Morgan Stanley’s ‘Top Pick’ and gets a fresh new price target

Joey Klender — Tue, 10 Dec 2024 20:02:55 +0000

Tesla (NASDAQ: TSLA) is Morgan Stanley’s “Top Pick” and got a brand new price target from the firm amidst the stock’s meteoric climb up Wall Street.

Shares have done nothing but climb since President-elect Donald Trump was chosen by the American people in early November, as they have climbed over 50 percent since election Tuesday.

However, there are more tailwinds for the EV maker moving forward, specifically in non-EV ventures, Morgan Stanley writes in a note to investors on Tuesday, where it pushed its price target from $310 to $400.

Morgan Stanley lead Adam Jonas notes that CEO Elon Musk’s venture into politics has changed how shareholders look at the company:

“Elon Musk’s entry into the political sphere has expanded investor thinking around Tesla’s fundamental outlook.”

However, there are more things that the business has for investors, specifically its prowess in autonomous driving and artificial intelligence.

With Trump and Musk holding a major political alliance, it seems Tesla has a true chance to hold a major position in the landscape of the entire sector.

Jonas continues:

“Policy changes present near-term headwinds to US EV sales but must not cede autonomous leadership to geopolitical rivals. Prefer dealers to suppliers and reiterate TSLA as Top Pick. With 2025 ushering in a new administration, we refresh our 2025 auto forecasts, review key themes, and provide a scenario analysis to help investors frame the most relevant industry debates, including EV policies, onshoring/tariffs, China export expansion, and the nascent emergence of autonomous vehicles.”

Jonas has been one of the most bullish analysts on Wall Street on Tesla, and the price target boost is incredibly valid considering the stock’s boost on the market for the past month and a half.

Tesla is currently trading at $406.63 at 2:41 p.m. on the East Coast.

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Elon Musk reveals what Tesla stock surge could do to Bill Gates

Joey Klender — Tue, 10 Dec 2024 16:05:14 +0000

Elon Musk revealed in a post on X early this morning that if Tesla’s stock surge continues to a certain level, shorts everywhere would be obliterated.

Even Bill Gates, who is one of the richest people in the world.

Gates, who has admitted to Musk personally that he holds a short position in Tesla, is worth $108 billion, according to Forbes.

However, Tesla’s recent stock surge has been burning short sellers for over a month as shares continue to explode and have skyrocketed above the $400 level.

Tesla has regained its trillion-dollar market capitalization and is the eighth-most valuable company in the world, sitting just $300 million behind Meta Platforms, which sits in the seventh position.

Musk and Gates have had a strange relationship. Gates wanted to discuss philanthropy opportunities with Musk several years ago, but Musk declined when he found out the Microsoft founder still held a short position on Tesla, “the company doing the most to solve climate change,” Musk said to Gates in response to the request.

Elon Musk explains Bill Gates beef: He ‘placed a massive bet on Tesla dying’

Over the past month, short sellers have continued to be burned by Tesla’s climb up Wall Street, where it has gained nearly 56 percent since President-elect Donald Trump, a Musk ally, won the election.

Some shorts have gotten out of their positions, but some still remain. While Gates’s position is not currently known, Musk was sure to explain that if he still holds a bet against Tesla, he could be in for bankruptcy if the company can continue to climb and become the world’s most valuable company.

Musk said in the X post:

“If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.”

If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates

— Elon Musk (@elonmusk) December 10, 2024

Gates has not publicly talked about Tesla in some time, and he has not disclosed whether he still holds a short against the company currently.

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How Tesla Giga Texas inspired one analyst to move his price target up

Joey Klender — Fri, 06 Dec 2024 15:12:49 +0000

Tesla (NASDAQ: TSLA) Giga Texas inspired one analyst to move his price target up after a visit to the factory, proving that the automaker deserves the bullish tones it has attracted for the last five weeks.

John Murphy of Bank of America popped his price target on Tesla to $400 from $350 this week, and it was all due to the incredible visit he and other analysts had at the company’s factory located just outside of Austin.

Murphy said in a note to investors this week that the visit proved Tesla is in a position to grow in the coming years with various facets of its business, along with other things that are in the pipeline for years after.

Credit: Tesla

He wrote:

“The trip gave us increased confidence that TSLA is well-positioned to grow in 2025+ with its core EV business and launch of its robotaxi offering, and longer-term from its investments in Optimus.”

It is no secret that Tesla delivery figures have been underwhelming this year, but we all expected it because the company said it would have a “notably lower” growth rate this year as it moves toward the release of its next-gen platform.

However, it has a lot of other projects in the works, including Robotaxi, its strong energy business, and Optimus, its humanoid robot. Tesla also has plans to release a low-cost EV in the first half of 2025.

There is a lot leaning on the completion of Full Self-Driving and the prospect of autonomy in the coming years as well. Murphy took a ride in Cybertruck and Model Y with Full Self-Driving capability and said he was impressed by the suite’s ability to adapt to everything from “abnormal road conditions” to turns against difficult traffic patterns:

“The Cybertruck and Model Y we rode in…drove seamlessly to a charging station several miles away despite abnormal road conditions, traveling on roads under construction and taking a tough left turn against traffic.”

Tesla is trading at around $372 just after 10:00 a.m. on the East Coast.

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