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Trump White House Could Unlock Trillion-Dollar AI Potential For Tesla, Says Dan Ives

Benzinga ·  Nov 7 10:10

Wedbush SecuritiespredictsTesla Inc.'s (NASDAQ:TSLA) artificial intelligence initiatives could see major gains under a Trump presidency, despite potential headwinds for the broader electric vehicle sector.

What Happened:Dan Ives, a leading analyst at Wedbush Securities, projects thatDonald Trump's return to the White House could significantly boost Tesla's AI ambitions, potentially unlocking "$1 trillion of incremental AI valuation" for the electric vehicle maker over the coming years.

However, the outlook for the broader EV industry appears mixed. Tesla CEOElon Musk, who actively campaigned for Trump, has acknowledged that the incoming administration would likely eliminate EV...

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