Tesla Stock Price Outlook: Valuation, TSLA, AI, Elon Musk, Wedbush 2024

The article discusses Tesla’s stock price outlook and valuation, with a focus on the company’s AI and autonomous driving efforts led by Elon Musk. According to Wedbush analyst Dan Ives, Tesla’s AI and autonomous driving capabilities could be a game-changer, potentially unlocking a $25 trillion mobility opportunity by 2030. Ives believes Tesla’s AI efforts, combined with its electric vehicle leadership, could drive the stock to $400 by 2024. However, the article also notes that Tesla faces competition from tech giants like Apple and Alphabet in the AI and autonomous driving space. Overall, the article highlights the importance of AI and autonomous driving for Tesla’s future growth and valuation.

Source: https://markets.businessinsider.com/news/stocks/tesla-stock-price-outlook-valuation-tsla-ai-elon-musk-wedbush-2024-6