Tech analyst Dan Ives remains bullish on Tesla, predicting a $2-3 trillion market cap by 2026. Despite competition, Tesla’s financials are steady, with Q3 sales up 12%. Elon Musk’s leadership has grown Tesla from $2 billion to $1.53 trillion, with plans for robotaxis and humanoid robots in 2026.
Musk believes in Cybercabs and Optimus, aiming for 3 million vehicles by 2028. However, Tesla’s past timeline misses raise concerns. At a bubble-like valuation, analysts rate Tesla a “Hold” with a mean target price surpassed. High optimism and strong growth forecasts don’t justify the current valuation.
Read more at Yahoo Finance: A $2 Trillion Case to Buy Tesla Stock Right Now