According to Dan Ives, an analyst at Wedbush Securities, Wall Street recognizes that the stock is the most undervalued artificial intelligence stock in the market.
Intelligence financial app learned that Dan Ives, analyst at Wedbush Securities, said that for Tesla investors, the key to looking forward to the future is that Wall Street recognizes that the stock is the most undervalued artificial intelligence stock. In addition, August 8th will be the historic "Robotaxi Day" previously announced by Musk and Tesla, paving the way for the future of FSD and autonomous driving. He added that "We believe that in the next few years, the value of artificial intelligence alone could make Tesla reach $1 trillion." The company has a rating of "Outperform" on Tesla, with a target price of $300.
Looking back at the Robotaxi incident, Ives pointed out that many investors are questioning the impact of Donald Trump's return to the White House. Ives and his team believe that Trump's election as president will have a negative impact on the entire electric vehicle industry, as electric vehicle refunds and tax incentives are likely to be cancelled.
However, in the eyes of investors, Tesla's unparalleled scale and business scope will form a significant competitive advantage in the absence of electric vehicle subsidies. Tesla may also benefit from higher tariffs against China, which will further inhibit affordable electric vehicle manufacturers such as BYD Company Limited (BYDDF.US) and NIO Inc (NIO.US) from entering the US market in the coming years.
Currently, the PredictIt gambling market shows a 62% probability that Trump will win the election, the highest level this year. British bookmakers have also shortened the odds on Trump, making him a popular candidate to return to the White House.
Since the release of the second-quarter delivery report, Tesla has risen for 11 consecutive trading days due to significantly improved market sentiment. Its short net position accounts for only 3.30% of the total outstanding shares.
Looking ahead, Tesla will release its second-quarter earnings report on July 23. Analysts predict that the company's revenue will be $24.2 billion, with earnings per share of $0.61. In the past three quarters, the company's revenue and earnings per share have not met expectations.