Dan Ives predicts that Tesla will hit a $1 trillion market cap in 2024, showing extreme bullishness for the company's future and marking a golden year for the company
Questions to inspire discussion
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What is Dan Ives predicting for Tesla's market cap in 2024?
—Dan Ives predicts that Tesla will reach a $1 trillion market cap in 2024, showing extreme bullishness for the company's future.
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What are the reasons for Tesla's potential growth?
—Tesla's aggressive pricing, plans to produce more EVs, and potential competition from China are driving its potential growth.
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How will Tesla capture market share in the US and globally?
—Tesla's unique experience, competitive pricing, and potential for increased sales volume will allow them to capture market share in the US and globally.
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What is the potential impact of interest rates on Tesla's opportunity?
—As interest rates decrease, Tesla's opportunity will improve, leading to increased sales volume and potentially higher prices for existing models.
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What is the controversy surrounding Tesla's price cuts?
—Tesla's price cuts were criticized by some investors, but according to Dan Ives of Wedbush, it has opened up new opportunities for growth.
Key Insights
- 📈 Dan Ives predicts that Tesla will hit a $1 trillion market cap in 2024, showing extreme bullishness for the company's future.
- 📉 "Tesla is where Apple was in 2008 in terms of the sum of the parts and the software piece. This is just starting what I view as the next phase of the Tesla growth story."
- 📈 Dan Ives predicts Tesla to hit 1 trillion in 2024, marking a golden year for the company.
- 💰 Cutting prices and going after volumes was a "poker move for the ages" by Musk, putting Tesla in a position of strength for the next phase of growth.
- 🧠 Cutting prices was incredibly important and has turned out to be exactly what Wedbush was hoping for.
- 🌟 Real leadership is controversial at times, and true leaders are willing to tell the truth even if it rubs people the wrong way in the moment.
- 🌍 The success of Tesla in the competitive Chinese EV marketplace highlights the challenges faced by legacy automakers in the electric vehicle industry.
- 📈 The possibility of Tesla gaining market share in China against players like BYD would signal an incredible once in a generation market dynamic.
#Tesla #Investment
Clips
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00:00 🚗 Dan Ives predicts Tesla will reach a $1 trillion market cap in 2024 due to bullish near-term reasons for growth, aggressive pricing, and plans to produce more EVs.
- Dan Ives predicts Tesla will reach a $1 trillion market cap in 2024, raising his price target to $350 and citing bullish near-term reasons for the growth.
- Tesla's price target has been raised to $350 and it is predicted to reach a $1 trillion market cap in 2024 due to increasing bullishness on EV share gains and margin stabilization.
- Dan Ives predicts that Tesla will reach a trillion-dollar valuation by the end of 2024.
- Tesla's aggressive pricing and plans to produce more EVs will allow them to capture market share in the US and globally, with potential competition from China in the future.
- Tesla's opportunity will improve as interest rates decrease, leading to increased sales volume and potentially higher prices for existing models.
- Dan Ives of Wedbush predicts that Tesla will reach a trillion dollar valuation in 2024 due to EV growth, EV share gains, and margin stabilization.
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06:17 🚗 Tesla's competitive pricing and potential trillion-dollar valuation by 2024, despite criticism of price cuts, aim to transition billions of vehicles to EVs and outcompete ice vehicles on price.
- Tesla's unique experience and competitive pricing will lead to continued growth and a potential trillion-dollar valuation by 2024.
- Tesla's price cuts were criticized by some investors, but it has opened up new opportunities for growth according to Dan Ives of Wedbush.
- The goal is to transition billions of vehicles from internal combustion engines to EVs by outcompeting ice vehicles on price, with EV sales in the US jumping to 10% in the last quarter.
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08:58 💡 Despite controversies, more people are likely to buy Tesla because of Elon Musk, who is the face of the company but not the only one running it.
- Gordon Johnson's comments on Tesla are not well-informed and lack logic, serving as a punch-up guy to take the other side of the argument.
- Elon Musk is the face of Tesla but there is a management team running the company, and despite controversies, more people are likely to buy Tesla because of him.
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10:57 🚗 Tesla is the top EV company and will hit 1 trillion in 2024 according to Dan Ives of Wedbush.
- Real leadership is controversial at times, but if leaders are correct and their opinions prove to be true, people will appreciate the truth over time, even if they don't love it in the moment.
- Long-term purchasing decisions are driven by the value and benefits of the product, and Tesla is still the number one EV company.
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13:32 🚗 Tesla predicted to hit 1 trillion in 2024, potential for more growth with full self-driving technology, record sales in China leading to a golden year ahead.
- Tesla is predicted to hit 1 trillion in 2024, with potential for even more growth if full self-driving technology becomes a reality.
- Elon Musk believes the stock market is broken due to institutional ownership, but Tesla is a retail investor stock, with record sales in China leading to a golden year ahead.
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16:01 💡 Tesla and BYD are dominating the EV market in China, with Tesla projected to hit 1 trillion in 2024 and potentially displacing BYD in the long run.
- There are two ways to gain market share: have a premium product or a low price product, and in China, BYD is the bottom up player.
- Tesla and BYD are becoming the dominant players in the competitive EV marketplace in China, leaving other companies like Volkswagen and GM struggling to compete.
- Tesla and BYD are the only real competition, with Tesla poised to hit 1 trillion in 2024 and potentially displacing BYD in the long run.
- Byd and Tesla are both competing with gas cars in a massive market, with high demand and potential for growth.
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20:16 💡 Tesla will hit 1 trillion in 2024, Chinese automakers will struggle to go global, and US may see a GM badged mostly Chinese manufactured vehicle in the near future.
- Dan Ives of Wedbush believes that Chinese automakers will struggle to go global and compete with global auto companies, citing potential restrictions from the US government.
- Japanese production system was imported to the US in the 80s, and it is likely that there will be a US-manufactured BYD vehicle or a GM badged mostly Chinese manufactured vehicle in the near future.
- Tesla will hit 1 trillion in 2024 and retail investors are strong in Tesla compared to other stocks.
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23:01 🚗 Tesla's success is attributed to its user interface and appeal to everyday people, while institutional investors may not closely follow Tesla.
- Traditional analyst structures are being disrupted by the rapid advancement of AI, and every company needs to become a deeply integrated software company in order to stay competitive.
- Tesla's success is due to its top-tier user interface and the ability to appeal to everyday people, while many experts and retail investors have failed to understand its potential.
- Institutional investors don't have time to closely follow Tesla, but a comprehensive website for Tesla investors has been created.
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