Artificial intelligence (AI) technology will propel Tesla to $2 trillion in the next few months, according to Wall Street analyst Dan Ives. Ives, who works at Wedbush Securities, highlighted that automobile and technology company’s share could experience a major boost due to its foray into the technology.
Tesla’s Elon Musk and his close relationship with President-elect Trump are already having a huge impact on the EV maker, says Wedbush.
Tesla (NASDAQ:TSLA) could reach a $2 trillion valuation over the next 12 to 18 months as full-self-driving, autonomous penetration, and the Cybercab represent the “Golden Goose” for the automaker/technology company.
A new video appears to show that Tesla's Optimus robot has mastered the complex process of catching an object in midflight.
Grand View Research estimates autonomous vehicle sales will increase at 22% annually through 2030, and Global Market Insights expects autonomous ride-sharing revenue to grow at 64% annually through 2032. That could lead to rapid earnings growth for Tesla given that software and services earn higher margins than electric vehicles.
Jared Cohen, Goldman Sachs president of global affairs, co-head of the Goldman Sachs Global Institute, said while talking to CNBC in a latest program that amid rising data center-driven energy demand
Tesla's AI Teleoperation team is hiring staff to remotely control, train robots and cars with a state-of-the-art VR rig for complex, intricate tasks.
While long-term investors appear to see substantial upside for Tesla from a Trump presidency, we’d be much more circumspect about Tesla stock at current levels.
Stock for Elon Musk’s only public company, Tesla, has had a healthy November as the polarizing figure saw a variety of wins.
The EV maker’s stock gained 3.7% on Friday, leaving the shares ahead nearly 40% for the year and giving it a market value of around $1.07 trillion.
Tesla shares have rallied sharply since the election, though its valuation implies growth far beyond what Wall Street is forecasting, UBS analysts said.
We recently published a list of 7 new stock picks in Brad Gerstner’s portfolio. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other stock picks in Brad Gerstner’s portfolio.