Investment company Wedbush analyst Daniel Ives recently released an investment report saying that Tesla stock will once again enter crazy mode. Not only did he maintain his outperform rating on Tesla’s stock, but he also raised his target stock price to US$1,000.
We believe that the opportunities in the electric vehicle market and the wave of green energy in the next 10 years will be transformed into a large US$5 trillion. In the market, Tesla will become a beneficiary of consumers’ adoption of electric vehicles and autonomous driving technology.
In other words, Tesla will be the biggest beneficiary of the car’s transition from gasoline to the electric era. Ives predicts that the output of electric vehicles will be between 860,000 and 900,000 this year, and will exceed 1 million next year. Looking at the essence of the phenomenon, we believe that Tesla will have more means of growth in 2022.
In regular trading, Tesla rose 2.5 US dollars, or 0.33%, to close at 759.49 US dollars. Last year, Tesla’s stock price rose by 508.3%, and this year’s increase has been only 7.3%.
