Tesla CEO Elon Musk is making lofty and hilarious predictions for the stock

Tesla CEO Elon Musk is making lofty and hilarious predictions for the stock

If there are a few things we know about Tesla CEO Elon Musk, it’s that he loves a good memes and has a lot of money thanks to his shares in the electric vehicle maker.

There are a few rare cases where these two things go hand in hand, and on Monday night that’s exactly what we saw.

Tesla shares have been trending higher since the election, in which President-elect Donald Trump won for the second time in three elections. He was the first president since Grover Cleveland in the late 19th century to win in non-consecutive terms.

The company’s stock has risen sharply – over 85 percent – since Trump’s big win on Tuesday, November 5th. Along with the stock’s rise are a few meme-worthy numbers, like $420.69 and $469.42, a couple of prices that are usually laughed at by die-hard Tesla fans on X, Musk’s social media -Platform.

Given all of these numbers and a nearly endless combination of them, Tesla shareholders are waiting for the next opportunity to laugh at their exploding portfolios and the prices that come with them. One investor said the next big number would be $690.42, a price that is still over $200 away.

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

Musk says he believes Tesla stock will reach that price again in the future, which represents a high prediction for the company in the coming years as many believe the stock’s run is far from over, especially for the long term View:

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

Wedbush’s Dan Ives raised his price target for the second time since last weekend’s election, as he believes the Trump White House’s streamlined regulatory processes will benefit the company’s goals in AI and full autonomous driving, something Tesla has been opposed to since years working.

Ives said in a note to investors:

“We estimate that the AI ​​and autonomous capabilities are worth at least $1 trillion to Tesla alone, and we fully expect these important initiatives to be accelerated under a Trump White House now that “The spider web of federal regulation that Musk & Co. encountered in the past is now being implemented quickly.” The few years surrounding FSD/Autonome clearly indicate 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 takes shape…”

Tesla’s soaring continues after the bull price pushes the price target higher again, representing a new bull scenario

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

Do you need accessories for your Tesla? Check out the Teslarati Marketplace:

Please email me at [email protected] with any questions or comments. I’d love to chat! You can also reach me on Twitter @KlenderJoeyor if you have any news, you can email us at [email protected].

Tesla CEO Elon Musk is making lofty and hilarious predictions for the stock






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