Dan Ives, managing director of investment firm Wedbush, expects Tesla to be worth $2 trillion in about 18 months. In October 2021, Tesla’s market cap reached $1 trillion for the first time. Goldman Sachs analyst Mark Delaney said in an investment report Monday:
We believe that Tesla has the largest position in the transition to EVs given its leadership in EVs (which includes vertical integration, hardware and software, charging station networks and brands), and a focus on broader clean transportation Advantages.
We expect Tesla’s mid-term profit margins to improve as Model Y ramps up and the Austin and Berlin factories start production, and an increase in software revenue will boost long-term profit margins.
Delaney raised his price target on Tesla to $1,200 and maintained a buy rating, citing strong fourth-quarter 2021 deliveries. Tesla delivered a record 308,600 vehicles in the fourth quarter, with deliveries rising 87% to 936,172 in 2021.