Tesla, Inc. (NASDAQ:TSLA) suffered “some brand damage” as a result of Elon Musk’s activities within the Trump administration, Dan Ives, the famous Managing Director and Senior Equity Research Analyst at Wedbush Securities told Bloomberg recently.
But the damage is not a game changer for the automaker, which remains, with Nvidia Corporation (NASDAQ:NVDA), “one of (the two) biggest tech disruptors in the world,” according to Ives.
Ives views Tesla, Inc. as a huge disruptor because of its activities related to autonomous vehicles and robotics.
Tesla’s Recent Positive Catalysts
After Musk began devoting significantly more time to Tesla, Inc., Ives said, “Tesla got its biggest asset back.” The analyst added that the demand for the automaker’s EVs is “starting to rebound” in Europe and China.
Ives’ Bottom Line on TSLA
Tesla, Inc. has turned itself around, and its market capitalization can soar to $2 trillion, according to the analyst.
“I’m doubling down on TSLA,” he proclaimed.
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This article is originally published at Insider Monkey.
