Tesla’s second-quarter shipments exceeded expectations with deliveries totaling 444,000 vehicles, surpassing analysts’ forecasts of 439,000 vehicles. These results led to a 10.20% surge in TSLA shares and prompted Wedbush analyst Dan Ives to revise his estimate. Ives announced a new price target of $300 on Twitter, with a bull-case scenario of $400, suggesting a potential 70% increase from the current price of $231.26. He emphasized optimism in Tesla’s demand outlook, particularly in the latter half of 2025. Highlighting Tesla’s undervaluation in the artificial intelligence sector, Ives speculated its AI narrative could be valued at over $1 trillion. Despite a decline in deliveries compared to the previous quarter on an annual basis, Tesla’s performance in the second quarter was viewed positively by Ives as a potential turning point for the company.
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Top investors indicated that the upcoming initial public offerings in cryptocurrency could enter this field. After Tesla’s strong second-quarter delivery report, company shares attracted attention, with discussions suggesting the company may have reached a “escape velocity” – a term indicating a breakthrough in resistance to stock prices, leading to a sustainable upward trend. Tesla CEO Elon Musk further fueled optimism, cautioning short sellers about potential losses, suggesting they could be “liquidated,” and specifically noting figures like Bill Gates. With Tesla’s recent strong results, speculation is rife that shares could surpass Ives’ target price, making the bull-case scenario increasingly likely.
