Tesla's Cybertruck is Finally Out. Will It Propel the EV Giant to $1 TRILLION?
- 5 months ago
The launch of Tesla's Cybertruck on Thursday will remind investors of the EV maker's dominance and help propel it toward a $1 trillion market valuation, according to Wedbush analyst Dan Ives. Ives maintained his $310 price target for Tesla stock, which would imply a $996 billion market capitalization if achieved. Tesla's share price has risen 98% this year, helped by strong financials, investors' expectations of lower interest rates, and increased demand for mega-cap tech stocks like Tesla.