Wedbush boosts Tesla price targets
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 16 December 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Monday, December 16th. I'm Julie Morgan. |
| 0:13.2 | Tesla has a new price target from Wed Bush. Lawmakers tell Apple and Google to get ready for a TikTok ban next month, |
| 0:21.0 | and Novo is investing more than a billion dollars in a new facility. |
| 0:26.4 | Tesla is on watch for more gains in the week ahead after Wed Bush securities |
| 0:30.6 | boosted its base case price target to $515 and set a bull case price target of $650. |
| 0:38.4 | Analysts Dan Ives said the firm believes the Trump White House over the next four years will be a total game changer for the Autonomous and AI story for Tesla. |
| 0:47.7 | Ives wrote that they estimate that the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla. |
| 0:54.8 | And they fully expect under a Trump White House that those key initiatives will now get fast |
| 0:59.7 | tracked as the federal regulatory spider web that Musk and co have encountered over the past few |
| 1:05.0 | years around FSD clears significantly under a new Trump era. |
| 1:09.4 | Tesla is seen as cruising to a $2 trillion market cap by the end of |
| 1:13.6 | 2025 as the company's autonomous vision starts to take shape and delivery demand from the core |
| 1:19.9 | China market stabilizes. Notably, Ives noted that the one-year price targets on Tesla |
| 1:25.5 | conservatively assume no value today for the optimist |
| 1:29.2 | humanoid robot business, which is anticipated to be a major upside catalyst for the Tesla story |
| 1:35.2 | over the coming years. Shares of Tesla are up 30% over the last six weeks to more than double |
| 1:41.2 | the returns for Rivian Automotive and Elucid Group over the same |
| 1:45.4 | period. Meanwhile, shares of Detroit automakers Ford Motor and General Motors have spun lower |
| 1:51.1 | over the last six weeks. Members of the House Select Committee on the Chinese Communist Party |
| 1:57.0 | have called on the CEOs of Apple and Google to prepare to comply with a potential U.S. |
| 2:02.9 | ban on TikTok next month. The lawmakers in a letter pointed to an appeals court decision last |
... |
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