Why Is Wall Street So Bullish on Tesla? Here's the $1 Trillion Reason

Dan Ives, a notable analyst at Wedbush Securities, has a $500 price target on Tesla (NASDAQ: TSLA) stock -- the highest of any analyst. Why is he so bullish? It all comes down to a $1 trillion opportunity that he thinks should send Tesla's stock price soaring for years to come. When it comes to electric car stocks, Tesla is king. The company produces more electric vehicles than any other automaker in North America. But it's not vehicle manufacturing that has Ives excited. Instead, he's brashly optimistic about the prospects for one key division: Tesla's fledgling robotaxi business."The vast majority of valuation upside looking ahead for Tesla is centered around the success of its autonomous vision taking hold with a key June launch in Austin," Ives wrote to investors earlier this year. Other Wall Street experts believe Tesla is kick-starting what should become a $10 trillion global robotaxi market. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool