'Trump Presidency Would…Be Bullish For Tesla, Negative For EVs,' Says Top Analyst After First Face-Off Between Biden And Ex-President
Portfolio Pulse from Anan Ashraf
Wedbush analyst Dan Ives suggests that a Trump presidency could be beneficial for Tesla Inc. (NASDAQ: TSLA) but detrimental for the broader EV market. Ives believes Tesla's demand issues in China are resolving and anticipates the launch of its robotaxi product in August. He also predicts that Tesla could reach a $1 trillion market cap, despite its current year-to-date decline of 20.3%.
June 29, 2024 | 9:17 am
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Wedbush analyst Dan Ives suggests that a Trump presidency could be beneficial for Tesla Inc. (NASDAQ: TSLA) but detrimental for the broader EV market. Ives believes Tesla's demand issues in China are resolving and anticipates the launch of its robotaxi product in August. He also predicts that Tesla could reach a $1 trillion market cap, despite its current year-to-date decline of 20.3%.
Dan Ives' analysis suggests that Tesla could benefit from a Trump presidency due to a more favorable political environment for Elon Musk. The resolution of demand issues in China and the upcoming robotaxi launch are also positive indicators for Tesla's stock.
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