Tesla’s Stock Surges as Musk Eyes a $2 Trillion Future

Tesla stock (TSLA) is climbing again, shaking off political distractions tied to CEO Elon Musk. Shares edged up 0.3% in premarket trading to $361.61, even as broader markets slipped. But the bigger picture is what’s grabbing attention: Tesla is up 43% since the November election but still lags 25% below its December peak of nearly $480 per share. The real debate? Whether Musk’s close ties to former President Trump will help Tesla’s self-driving ambitions or alienate eco-conscious buyers.

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Forget Politics—Tesla’s Future Is in Tech

For investors, obsessing over Musk’s political moves is missing the point, according to Wedbush analyst Dan Ives. He argues that Tesla’s tech advancements, including self-driving capabilities and a mass-market vehicle launch, are what truly matter. “Musk has always been able to balance his countless initiatives better than any other CEO we have seen,” Ives noted, adding that Tesla’s push toward robotics and autonomy is gaining momentum. The company is targeting June for its self-driving robotaxi launch—something that could transform its business entirely.

Wall Street’s Gives the Boldest Tesla Valuation Yet

Ives isn’t just optimistic—he’s going big. He values Tesla at $2 trillion, excluding Optimus, Tesla’s AI-powered humanoid robot set to arrive in late 2025 or early 2026. His $550 price target is among the highest on Wall Street, well above the average analyst target of $379, according to FactSet. Still, only 46% of analysts rate Tesla a Buy, lower than the 55% average for S&P 500 stocks.

What’s Next for Tesla?

Despite political noise, Tesla’s core business remains its biggest strength. With a new affordable vehicle on the horizon and autonomous driving gaining traction, the conversation will inevitably shift from Musk’s distractions to Tesla’s real potential. Investors may debate the true value of Tesla’s robotaxi ambitions, but one thing is certain—Musk isn’t slowing down.

Is TSLA a Good Buy?

Analysts remain sidelined about TSLA stock, with a Hold consensus rating based on 13 Buys, 12 Holds and 10 Sells. Over the past year, TSLA has increased by more than 80%, and the average TSLA price target of $340.50 implies a downside potential of 5.6% from current levels.