Don't bet against Elon Musk: Dan Ives talks $1T Tesla call
After Tesla (TSLA) shareholders voted on Thursday to approve CEO Elon Musk's pay package — valued at over $46 billion based on today's stock price — will the wins keep on coming for Musk? One analyst forecasts Tesla could become a $1 trillion company in 2025.
Joining The Morning Brief is Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives to discuss his call and how Musk continues to grow Tesla's value through developing autonomous and full-self driving (FSD) capabilities, integrating AI, and even the EV maker's venture into robotics.
"This is a disruptive technology company. And I think that's where the bears will say it's a car company, they've said it from, what, $100 million up to a trillion. So the point is this is disruptive tech. And now when you look at autonomy software, FSD, that's the vision," Ives explains. "But also this is one that you're going to see three, four million vehicles per year when you look out 4 or 5 years from now. And again, betting against Musk, it's been the wrong move."
Ives later comments on the energy seen is Musk at Thursday's shareholder meeting: "Musk is Tesla, Tesla is Musk... you're seeing old-school Musk return now."
Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood spoke with Yahoo Finance amid Tesla's annual shareholder meeting to talk about her latest call projecting Tesla stock to skyrocket to $2,600 by 2029.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.
Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga:
Elon Musk wins Tesla shareholder battle to keep his record-breaking pay
Elon Musk has been integral to Tesla's growth, AI: Cathie Wood
Musk's pay battle is not over. Here's why.
Is Elon Musk the right fit as Tesla's CEO?