Tesla’s shares rallied in the past year to the envy of any cryptocurrency. Over the year, the value of the company’s securities has grown more than eightfold, thanks to which Tesla’s capitalization now stands at more than $ 800 billion, which is almost equivalent to the rest of the automotive market.
What will happen to the company next? Contrary to the opinion of many Tesla opponents, who believe that this will all burst like a soap bubble, Wedbush analyst Daniel Ives, who is one of the leading Wall Street experts, believes Tesla will hit the 1.5-2 mark. trillion dollar market capitalization in just one to two years. Ives also believes that Tesla will be able to put 800,000 vehicles on the market this year. As a reminder, the company managed to sell half a million cars last year.
The analyst believes that the key factors that can contribute to the further growth of Tesla are the development of the Chinese market, where Tesla’s positions are very strong, as well as the coming to power in the United States of Joe Biden, including actively supporting green technologies.