Tesla's stock is experiencing a notable surge, driven by renewed optimism surrounding its autonomous vehicle initiatives. Analysts Dan Ives and Gary Black have recently shared their bullish perspectives on Tesla's future, with Ives projecting a significant revenue boost from autonomous robotaxis and the Optimus robot project. Ives estimates that Tesla's autonomous business could be valued at $1 trillion, with autonomous vehicles potentially capturing 20% of the ride-share market by the end of the decade. This optimistic outlook is further supported by Morgan Stanley, which has named Tesla its top stock pick for 2025, citing advancements in autonomy and robotics.
The Graniteshares 2x Long TSLA Daily ETF (TSLR) is up 5.56% in pre-market hours on Monday, December 23, reaching $50.32 as of 6:00 AM ET.