TSLA - Tesla Bull Says Trump Win Is Negative For EV Industry But 'Potential Positive' For Elon Musk-Led Company: Here's Why | Benzinga
Following Tesla, Inc.’s (NASDAQ:TSLA) above-consensus second-quarter deliveries number, bullish analysts suggest turnaround may have begun at the electric vehicle maker. Wedbush analyst Daniel Ives on Thursday weighed on how a potential second term for former President Donald Trump would influence the fortunes of the Elon Musk-led company.
2M Goal Will Be Hit: With the price cuts in the rearview mirror and demand stabilizing globally for EVs, Tesla is on track to achieve a 2 million annual trajectory over the coming quarters, said Ives in a note. He noted that comparisons get easier in 2025. Tesla has reported two straight quarters of sales decline for now.
The Street recognizing Tesla as the most “undervalued AI play” in the market is key for the stock, the analyst said. The EV maker’s shares have gained over 44% since June 25 and have been on an 11-session winning streak, with the most ever being a 13-session run in June last year.
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