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Key Points
Dan Ives, a prominent Wall Street analyst, predicts that Tesla (NASDAQ: TSLA) will achieve a market capitalization of $2 trillion by the end of 2026, which corresponds to an estimated stock price of approximately $627—a 44% increase from its closing price on Sept. 22.
Ives cites Tesla’s autonomous robotaxi service, launched as a pilot in Austin, Texas, as a significant growth factor. He expects the robotaxi market could be worth at least $1 trillion for Tesla, with service expanding to 30-35 cities in the U.S. over the next year.
However, alternative market estimates project the global robotaxi market to reach only $120 billion by 2031 or $190 billion by 2034, casting doubt on Ives and Tesla CEO Elon Musk’s more optimistic forecasts. Investors are advised to adopt a cautious approach in assessing Tesla’s growth potential.
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