Wedbush's Dan Ives On Recent Tesla Downgrade: 'Even The New York City Cab Driver Is Bearish'
Portfolio Pulse from Benzinga Neuro
Wedbush analyst Dan Ives commented on the recent downgrade of Tesla Inc. (NASDAQ:TSLA), noting a widespread bearish sentiment but predicting a significant rebound for Tesla, especially with advancements in AI technology. Despite the downgrade by Wells Fargo due to concerns over deliveries and earnings, Ives remains bullish on Tesla's long-term prospects, highlighting the potential of its AI and Full Self-Driving technology.
March 14, 2024 | 6:18 am
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Despite recent challenges and a downgrade by Wells Fargo, Wedbush analyst Dan Ives predicts a significant rebound for Tesla, especially with advancements in AI and Full Self-Driving technology.
Dan Ives' bullish stance on Tesla, despite recent downgrades, suggests confidence in the company's long-term growth potential, particularly in AI and Full Self-Driving technology. This optimism, despite short-term challenges, could influence investor sentiment and potentially lead to a rebound in Tesla's stock price in the medium to long term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100