Tesla CEO Elon Musk makes lofty and fun predictions for the stock

On By Littum

If we know a few things about Tesla CEO Elon Musk, it’s that he loves a good meme and has a lot of money thanks to his holdings in the electric car maker.

There are a few rare instances where these two things go hand in hand, and on Monday night we got exactly that.

Tesla shares have risen since the election, in which President Donald Trump won for the second time in three terms. He became the first president since Grover Cleveland in the late 19th century to win non-consecutive terms.

The company’s stock has risen significantly – over 85 percent – since Trump’s big victory on Tuesday, November 5. Along with the stock rally are a few meme-worthy numbers, like $420.69 and $469.42, a pair of prices that usually get a chuckle from the die-hard Tesla fans on X, Musk’s social media platform.

With all these numbers and an almost infinite combination of them available, Tesla shareholders are waiting for their next opportunity to laugh at their skyrocketing portfolios and the prices that come with them. One investor said the next big number will be $690.42, a price that is over $200 away.

It will also skyrocket Tesla to a $2 trillion market cap.

Musk says he believes Tesla shares will reach that price again in the future, marking a bullish prediction for the company in the coming years, as many believe the stock’s rise is far from over, especially over the long term:

Wall Street firms and analysts who follow the stock, at least from a bullish perspective, have big numbers for Tesla.

Wedbush’s Dan Ives raised his price target for the second time since last weekend’s election, believing the Trump White House will benefit the company’s AI and Full Self-Driving goals with streamlined regulatory processes, something Tesla has been working against for years.

Ives said in a note to investors:

“We estimate that AI and autonomous capabilities are worth at least $1 trillion to Tesla alone, and we fully expect under a Trump White House that these key initiatives will now be fast-tracked as the federal regulatory spider web that Musk & Co. has encountered in the past few years around FSD/autonomous clearings significantly during a new Trump era.We believe that Tesla could reach a market cap of $2 trillion by the end of 2025 as the company’s autonomous vision begins to take shape…”

Tesla continues to soar after bull pushes price target back up and adds new bull case

Tesla shares are rising again today, trading at $468.53 at 12:33 on the east coast. The stock is up over 88 percent so far this year.

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Tesla CEO Elon Musk makes lofty and fun predictions for the stock