Wedbush predicts Tesla could gain $1 trillion in AI value under Trump presidency

Wedbush Securities predicts that Tesla's artificial intelligence initiatives could thrive under a Trump presidency, potentially adding $1 trillion in value. This contrasts with a mixed outlook for the broader electric vehicle sector, which may face reduced subsidies. Analyst Dan Ives noted that while Trump’s administration might negatively impact EV incentives, it could positively affect Tesla's AI and autonomous vehicle strategies. Tesla's stock could rise by $40-$50, reflecting a 16% to 20% increase. On Wednesday, Tesla's stock surged 14.75% to $288.53, while competitors like Rivian and Nio saw significant declines. The overall EV market showed mixed results, with some ETFs performing better than others.