Tesla's Cybertruck is Finally Out. Will It Propel the EV Giant to $1 TRILLION?
The launch of Tesla's Cybertruck on Thursday will remind investors of the EV maker's dominance and help propel it toward a $1 trillion market valuation, according to Wedbush analyst Dan Ives. Ives maintained his $310 price target for Tesla stock, which would imply a $996 billion market capitalization if achieved. Tesla's share price has risen 98% this year, helped by strong financials, investors' expectations of lower interest rates, and increased demand for mega-cap tech stocks like Tesla.
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00:00 It's Benzinga and here's what's on the block.
00:02 Launch of Tesla's Cybertruck today will remind investors of the EV makers dominance and help propel it towards a 1 trillion market valuation
00:09 according to Wedbush analyst Dan Hives. Hives maintained his 310 price target for the Tesla stock which would imply a
00:17 996 billion market capitalization if achieved. Tesla share price has risen 98% this year
00:24 which is helped by strong financials,
00:26 investors expectations of lower interest rates and increased demand for mega capital tech stocks like Tesla. For all things money visit Benzinga.com
00:33 (upbeat music)