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It is crucial to maintain a long-term perspective despite a somewhat underwhelming earnings report as Elon Musk, in his typical fashion, succeeded in sparking investor enthusiasm about Tesla’s future during the call. Musk dedicated a significant portion of the discussion to artificial intelligence (AI), emphasizing how Tesla is leveraging this technology to enhance its self-driving car software and develop a fleet of humanoid robots known as Optimus. These particular areas have caught the attention of Wall Street.
Dan Ives, the head of technology research at Wedbush Securities, recently released a brief research note on Feb. 12 where he acknowledged the potential risks outlined above but ultimately advocated for his bullish stance on Tesla. Ives highlighted that a “deregulatory environment” under the Trump administration could unlock $1 trillion in value for Tesla’s autonomous driving initiative. With a 12-month price target of $550, Ives posits that Tesla’s stock may surge by 52% from its current levels.
I tend to share Ives’ viewpoint in this regard. From my perspective, Musk’s extensive involvement in Washington does not detract from Tesla’s ongoing projects. For instance, Tesla is gearing up to launch unsupervised full self-driving (FSD) services in Austin by June. Barring any unforeseen setbacks, I do not foresee this timeline being affected by Musk’s substantial time commitment outside Tesla’s physical headquarters.
In my opinion, the overarching narrative for Tesla’s future — especially its aspiration to establish itself as an AI powerhouse — remains unchanged. The only shift we observe is the altered perception of Tesla due to Musk’s recent focus on his passion project in D.C.
I continue to view Tesla as an enticing opportunity for long-term investors and would recommend considering acquiring shares during the current market downturn.
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