1 Wall Street Analyst Thinks Tesla Is Worth $2 Trillion. Is It a Buy Now?

Core Viewpoint - Tesla has experienced significant stock volatility over the past year, with prices ranging from $142 to $480 per share, and currently trading just under $300 per share with a market cap of $950 billion [1][2]. Group 1: Analyst Insights - Dan Ives from Wedbush has set a price target of $550 per share for Tesla, indicating a strong belief in the company's future value despite current market fluctuations [2]. - Ives acknowledges the risks associated with Elon Musk's involvement in the Department of Government Efficiency (DOGE), but believes that Tesla's competent management can mitigate these concerns [3][4]. - The anticipated launch of a lower-priced electric vehicle (EV) is expected to attract new buyers, which could positively impact Tesla's stock performance [4]. Group 2: Future Prospects - Tesla's progress in self-driving technology is crucial, with plans to launch a driverless taxi service as early as June [5]. - Ives sees Tesla's leadership in artificial intelligence (AI) as a significant factor for future growth, projecting that Tesla could become a $2 trillion company, excluding its potential in robotics [6]. - The stock is considered a buy for both the near and long term, contingent on the successful launch of self-driving cars this year [7].