Tesla’s Elon Musk and his close relationship with President-elect Trump are already having a huge impact on the EV maker, says Wedbush.
Tesla (NASDAQ:TSLA) could reach a $2 trillion valuation over the next 12 to 18 months as full-self-driving, autonomous penetration, and the Cybercab represent the “Golden Goose” for the automaker/technology company.
Cathie Wood, founder and CEO of ARK Investment Management LLC, defended the future of artificial intelligence investments while highlighting Tesla Inc. as a cornerstone of technological innovation during a recent podcast appearance with SoFi's Head of Investment Strategy,
A new video appears to show that Tesla's Optimus robot has mastered the complex process of catching an object in midflight.
Grand View Research estimates autonomous vehicle sales will increase at 22% annually through 2030, and Global Market Insights expects autonomous ride-sharing revenue to grow at 64% annually through 2032. That could lead to rapid earnings growth for Tesla given that software and services earn higher margins than electric vehicles.
Tesla’s Optimus robot, upgraded with enhanced hands, now catches tennis balls, showcasing improved dexterity and advanced AI capabilities.
The EV maker’s stock gained 3.7% on Friday, leaving the shares ahead nearly 40% for the year and giving it a market value of around $1.07 trillion.
While long-term investors appear to see substantial upside for Tesla from a Trump presidency, we’d be much more circumspect about Tesla stock at current levels.
Tesla shares have rallied sharply since the election, though its valuation implies growth far beyond what Wall Street is forecasting, UBS analysts said.
Artificial intelligence continues to achieve remarkable breakthroughs, yet its latest contribution might come as a surprise to many.
Dan Ives, Wedbush Securities global head of technology research, joins CNBC's 'Closing Bell: Overtime' to discuss regulatory risks for tech, why he's bullish on Tesla as an artificial intelligence company,