Tesla Bear Turns Bull: Roth MKM Ups Price Target to $380!
Posted: Mon Dec 02, 2024 12:12 pm
Tesla Bear Turns Bull: Is this a Turning Point or Just a Trump Bump?
Roth MKM analyst Craig Irwin, a long-time Tesla skeptic, has flipped his stance, upgrading Tesla to a Buy and boosting his price target from $85 to $380. He cites several factors, including potential regulatory advantages under a Trump administration and the removal of the EV tax credit, which he surprisingly views as a positive for Tesla. Perhaps most intriguing is his prediction that conservative voters, a largely untapped market for Tesla, will flock to the brand due to Elon Musk's relationship with Trump.
This raises some key questions: Is this newfound conservative enthusiasm sustainable, or just a temporary post-election phenomenon? Will a Trump presidency genuinely benefit Tesla, or are the regulatory advantages overstated? Could the removal of the EV tax credit actually hurt Tesla in the long run by making competitors more attractive?
Even more boldly, Irwin suggests a 20-30% delivery increase for 2025 is now credible. Given recent delivery numbers and the overall economic climate, is this realistic? What other factors could impact Tesla's delivery figures in the coming years?
Let's discuss. What are your thoughts on this sudden shift in sentiment? Is Irwin's bullishness justified, or is he overestimating the impact of these factors?
Roth MKM analyst Craig Irwin, a long-time Tesla skeptic, has flipped his stance, upgrading Tesla to a Buy and boosting his price target from $85 to $380. He cites several factors, including potential regulatory advantages under a Trump administration and the removal of the EV tax credit, which he surprisingly views as a positive for Tesla. Perhaps most intriguing is his prediction that conservative voters, a largely untapped market for Tesla, will flock to the brand due to Elon Musk's relationship with Trump.
This raises some key questions: Is this newfound conservative enthusiasm sustainable, or just a temporary post-election phenomenon? Will a Trump presidency genuinely benefit Tesla, or are the regulatory advantages overstated? Could the removal of the EV tax credit actually hurt Tesla in the long run by making competitors more attractive?
Even more boldly, Irwin suggests a 20-30% delivery increase for 2025 is now credible. Given recent delivery numbers and the overall economic climate, is this realistic? What other factors could impact Tesla's delivery figures in the coming years?
Let's discuss. What are your thoughts on this sudden shift in sentiment? Is Irwin's bullishness justified, or is he overestimating the impact of these factors?