Stocks Analysis by The Tokenist (Timothy Fries) covering: Apple Inc, Tesla Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
After Elon Musk tied his fortunes with President-Elect Donald Trump, Tesla’s valuation has grown even more complicated. Tesla , TSLA stock got a 54% boost within a 30-day timeframe. At $342 per share, this is the highest TSLA price level since early April 2022, just after the Federal Reserve began raising interest rates to combat inflation it caused.
The tech part of the hybrid package is underpinned by the potential of Full Self-Driving which could transform Tesla into a robotaxi business. By upgrading from a buy-car-once company into an autonomous ridesharing company, even existing Tesla owners could start generating recurrent cash flows.Musk projected that robotaxi evolution could eventually propel Tesla to a $5 trillion market cap. Last week, billionaire investor Ron Baron expressed similar bullishness on CNBC’s Squawk Box.
It is now expected that the Trump admin will rely on tariffs even more, which could stave off Chinese EV competition further for Tesla. Moreover, this could affect Japanese hybrid EV manufacturers. In the end, notwithstanding further Cybertruck-like blunders, the Elon-Trump alliance is poised to be beneficial for both parties in more ways than one.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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