Tesla (+1.36% to $442.17) is on the rise after famous analyst Dan Ives (Wedbush) announced on X the increase in its price target to $515. According to him, a new Trump administration will be a “total game changer” for the manufacturer in the years to come. The analyst estimates that Tesla could reach a market capitalization of $2 trillion by the end of 2025, up from $1.4 trillion today, “as its autonomous vehicle vision begins to take shape.”
Dan Ives adds that no value is assigned in his estimate to Optimus, while this humanoid domestic robot project presented in 2021 and whose production is planned for 2026 “could be a major upside catalyst” for Tesla.
Trump II: upheaval in perspective for the electric market
According to a document seen by Reuters, the president-elect's transition team is advocating sweeping policy changes regarding electric vehicles, including plans to strengthen measures to block vehicles, components and battery materials imported from China.
It would also involve removing the $7,500 tax credit granted by the Biden administration for the purchase of an electric vehicle to transfer them to “national defense of supply chains and critical infrastructure”. Elon Musk, very close to Donald Trump, believes that the reduction in subsidies would harm his rivals more than Tesla.
The team also plans to impose tariffs on all battery materials globally, to boost U.S. production.
source: AOF
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