Dan Ives Sees A ‘Monster Year Ahead’ For Tesla And Musk – His Bull Case Says EV Giant’s Market Cap Could Hit $3 Trillion By 2026-End
Synopsis
The analyst expects Tesla’s market capitalization to rise by 33% to $2 trillion, with the surge expected to hit around 100% in a bull case scenario.
Dan Ives, Global Head of Tech Research at Wedbush, on Monday predicted that Tesla Inc.'s (TSLA) market capitalization could double to $3 trillion by the end of 2026.
“Heading into 2026 this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins,” Ives said in a post on X.
Ives expects Tesla’s market capitalization to rise by 33% to $2 trillion in 2026, while his bull case scenario sees a 100% rally by the end of the year.
Tesla shares were up more than 1% in Monday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bullish’ territory at the time of writing.
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