Tech
tech
Rani Molla
3/7/25

Dan Ives: “The best thing that ever happened to Musk and Tesla was Trump in the White House”

Pay no mind to the fact that Tesla sales are declining around the world and analysts keep rolling back projections for its Q1 deliveries.

Tesla bull Dan Ives just added the electric vehicle company to Wedbush Securities’ “Best Ideas List,” meaning it’s a stock the firm thinks offers significant growth potential. Wedbush also reiterated its outperform rating and $550 price target.

Why?

  • Ives expects Tesla to finally release its low-cost sub-$35,000 car ahead of the summer, which will “help drive pent-up EV consumer demand.” No word on whether it’ll have a steering wheel, though.

  • Despite not yet existing in a meaningful way, “autonomous and Optimus will represent 90% of the valuation of the Tesla story and create a company with a valuation that exceeds $2 trillion.”

  • He estimates CEO Elon Musk’s relationships with DOGE and President Trump represent a risk of less than 5% of Tesla sales globally.

  • Ives thinks Musk will balance his time between DOGE, Trump, and Tesla better this year, and that Musk’s political machinations will ultimately pay off. “We continue to believe the best thing that ever happened to Musk and Tesla was Trump in the White House as this will create a deregulatory environment with a federal autonomous roadmap central to the Tesla golden strategic vision,” the note read.

More Tech

See all Tech
Millie Giles
SEARCH AND DESTROY
3h
Google faces its first big lawsuit for AI summaries, from one of many media companies it’s eclipsing

With most of America’s major news sites seeing large drops in readership, even the tech giant itself admits the web is in “rapid decline.”

Google Headquarters - Bay View Campus
tech
Rani Molla
3h

Google joins Apple, Microsoft, and Nvidia with a $3 trillion-plus valuation

Today, Google became the fourth company to surpass a $3 trillion market cap, joining the likes of Nvidia, Microsoft, and Apple. Google’s shares were up 4% in early trading, pushing the company over the $3 trillion milestone. The stock has been on a tear following a federal court ruling earlier this month that avoided some of the worst-case antitrust scenarios regarding its search monopoly, including breaking up the company. And earlier today Citigroup raised its Google price target to $280 from $225, citing “an accelerated product development cycle that is beginning to emerge with greater Gemini adoption across both its Ads and Cloud businesses.”

Apple A19 Pro chip

Apple is packing a growing number of self-built custom chips into its gadgets

Fifteen years ago, Apple started on a journey to build its own custom chips. Today, more and more core functions are running on Apple silicon.

Jon Keegan3h
Elon Musk with chainsaw

Tesla turns positive for the year

Tesla shares surged Monday after CEO Elon Musk disclosed buying more than $1 billion worth.

Rani Molla4h
Waymo With Bay Bridge

Mapped: Where Google’s Waymo is, will be, and might go

Waymo is operating more than 2,000 autonomous vehicles and testing in many markets. Meanwhile, Tesla’s autonomous operations are tiny, but its ambitions are huge.

Rani Molla4h

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC