Too Much Tesla Hype From Wedbush's Daniel Ives? Deutsche Bank Sees Q4 Deliveries Missing [zero hedge]
Tesla, Inc. (TSLA)
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Source: zero hedge
Too Much Tesla Hype From Wedbush's Daniel Ives? Deutsche Bank Sees Q4 Deliveries Missing Wedbush analyst Daniel Ives recently told clients that Tesla could surpass a $2 trillion market cap by the end of 2025. He raised Tesla's price target to $515 from $400 while reiterating an "Outperform" rating. Ives called incoming policy shifts under Trump's second term a " total game changer " as Tesla's autonomous driving and artificial intelligence businesses are expected to surge in a more friendly operating environment. "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. Our bull case is $650 for 2025," Ives told clients. However, in a separate note, Deutsche Bank's Edison Yu and Winnie Dong provided clients with the understanding that quarter four "represents the largest delivery quarter for Tesla" and " so far we think it is t
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