Wedbush Securities' Managing Director Dan Ives highlights Tesla's potential entry into a "golden era" following CEO Elon Musk's renewed commitment to the company. Ives envisions Tesla's market cap reaching $2 trillion, driven by advancements in autonomous driving and robotics technology.
A pivotal element of Ives' optimism is Tesla's upcoming launch of the Robotaxi, which he describes as a watershed moment for the company. He projects that this initiative will allow Tesla to surpass Waymo within the next year. His positive outlook is partly fueled by observing Musk's increased focus and dedication to accelerating Tesla's next phase of development.
Despite his long-term confidence, Ives acknowledges that Tesla (TSLA, Financial) may face some short-term demand volatility. However, the strategic focus on innovation suggests promising potential for growth.
