Elon Musk Shines In 'Trump Sweepstakes:' A Big Win For Tesla? Dan Ives Thinks So

Wedbush Securities analyst Dan Ives predicts Tesla Inc (NASDAQ:TSLA) could see significant gains under a potential second Donald Trump presidency, particularly in advancing its Full Self-Driving technology.

What Happened: Ives suggested Trump’s return to office could accelerate Tesla’s autonomous driving initiatives, in a Bloomberg TV interview, potentially unlocking what he estimates as $1 trillion in value.

“Tesla and [Elon] Musk are the big winners in this Trump sweepstakes,” Ives said, pointing to possible regulatory fast-tracking of autonomous vehicle technology. He projects the deployment of “cyber cabs” could come as early as 2026 or 2027.

The analyst also indicated that a Trump presidency ...

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