Skip to content

This is when Tesla will hit $1 trillion market cap

This is when Tesla will hit $1 trillion market cap

Contrary to what the recently re-approved pay package for the CEO, the billionaire Elon Musk might suggest, Tesla Motors (NASDAQ: TSLA) has not been doing exceptionally well in 2024.

Indeed, the electric vehicle (EV) firm has been struggling with demand since the start of the year – especially in the first quarter – and is, despite a more recent recovery, 25.56% in the red since January 2. Tesla’s price today stands at $185.02.

TSLA stock YTD price chart. Source: Finbold

Such performance was accompanied by a significant fall in terms of market capitalization, and TSLA – which ended 2021 well above a valuation of $1 trillion – stands at a substantially lower $581.93 billion.

TSLA company market cap 2010-2024 chart. Source: CompaniesMarketCap

Despite this, one prominent analyst, Wedbush’s Dan Ives, believes Tesla will only go up in the coming 12 months.

Top analyst reveals when Tesla will regain $1 trillion

Indeed, in a recent interview, Ives opined that Elon Musk’s EV maker is set to achieve a major milestone in the first quarter of 2025 and release a fairly low-cost vehicle, likely priced below $35,000, according to the expert.

Rumors of a new and cheaper Tesla vehicle – estimated to cost €25,000 ($27,000) or less – have been floating around for nearly a year, with the Berlin factory set as the plant that would produce it.

Additionally, Dan Ives believes that Tesla’s current demand issues are not something the firm will not overcome and that it is almost guaranteed to reclaim and exceed the $1 trillion market cap in the coming 12 months – likely in the first half of 2025.

Indeed, Tesla recently received a vicarious wind to its sales when it comes to demand in Europe, given the EU’s recent decision to significantly increase tariffs on Chinese electric vehicles.

The company will also likely benefit from the upcoming presidential elections, regardless of the winner.

President Biden promised to aid the EV industry, and former President Trump recently started floating the idea of cutting income tax and supplanting them with higher tariffs – a move that would, again, vicariously boost firms with domestic production, such as Tesla.

The biggest Tesla bulls

Dan Ives is a prominent Tesla bull and has maintained a 12-month stock price target of $275 since the end of April – a target that would, in contrast to the most recent comments, indicate a market cap of $876 billion.

Morgan Stanley (NYSE: MS) currently boasts the street-high forecast for Tesla Motors’ stock at $310 – a target that would see TSLA’s market cap come just short of $1 trillion at $987 billion in 12 months’ time.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.