‘This Is the Start of Tesla’s Path to $2T,’ Says Wedbush Analyst Dan Ives

Tesla, Inc. (NASDAQ:TSLA) is one of the 8 Biggest EV Stocks to Watch in 2025. Its shares surged 1.7%, continuing their three-day upswing, following CEO Elon Musk’s admission that his remarks regarding President Trump “went too far.”

‘This Is the Start of Tesla’s Path to $2T,’ Says Wedbush Analyst Dan Ives

Since the June 5 low, the company has recovered 23% of its market value due to the apology. Given that investor sentiment had been negatively impacted by regulatory uncertainty resulting from the disagreement, Musk’s action seems to be an attempt to defuse tensions with the U.S. government.

Musk has been the target of vandalism at Tesla, Inc. (NASDAQ:TSLA) dealerships and public outrage since he was designated as a “special government employee” with a focus on reducing waste. The dispute with Trump had become a major burden, causing concerns about potential regulatory obstacles to the firm’s autonomous driving ambitions.

Analyst Dan Ives of Wedbush described the partnership as “mutually necessary,” particularly as Tesla, Inc. (NASDAQ:TSLA) gets ready to introduce its robotaxi service in Austin on June 22. Ives believes the decision is the first step toward a $2 trillion valuation for the business, which will be fueled by autonomy and the company’s impending Cybercab launch.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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