The post Can Tesla stock hit $500 in 2025? appeared on BitcoinEthereumNews.com.

After spending most of the first half of 2024 as one of the worst-performing S&P 500 stocks, Tesla Motors (NASDAQ: TSLA) entered into an explosive rally that sent it to its year’s end prices near $430. Such a massive upsurge not only blew past TSLA shares’ old all-time highs (ATH) but also raised the question of just how high Elon Musk’s electric vehicle (EV) maker can go in 2025. Why Tesla shares could trade at $500 in 2025 To begin with, though most Wall Street experts consider Donald Trump’s victory as something of a setback for the EV industry due to an expected weakening of the green energy drive and a pivot back to a ‘drill baby drill’ policy, Tesla was widely expected to benefit from such headwinds. Specifically, as the biggest West-based firm in the industry, Tesla Motors is far better equipped to weather the storm than its competitors, such as Rivian (NASDAQ: RIVN) and even the Saudi-backed Lucid (NASDAQ: LCID). Furthemore, many believe that Elon Musk’s role in the Trump administration as the co-head of the Department of Government Efficiency (D.O.G.E) would help boost his companies both in terms of public visibility and government contacts. In addition to such tailwinds, the incoming administration is expected to remove some of the issues that have been plaguing Tesla – and Musk’s other companies – for years. Looking at the number of probes, investigations, and disputes the South African-Canadian-American billionaire’s companies are involved in – including a probe about wrongful deaths possibly caused by Tesla’s self-driving technology – the increasing calls for deregulation and stripping down of Federal watchdogs begin appearing only logical. Elon Musk has also been moving to position Tesla as more than either a car maker and an EV revolutionary and a proper big tech and artificial intelligence…

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Filed under: News - @ January 1, 2025 11:17 am