Tesla's recent "Outperform" rating from Wedbush, despite missing Q4 delivery estimates, has kept investor sentiment buoyant. The focus on Tesla's strategic vision, particularly its advancements in AI and autonomous driving technologies, has been a key driver of optimism. Wedbush's report highlights the potential for Tesla's Full Self-Driving (FSD) technology to significantly impact its financial model, with expectations of substantial growth in delivery volumes and a march towards a $2 trillion valuation. This positive outlook has contributed to a slight increase in Tesla's stock price, as investors remain confident in the company's long-term growth prospects.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) experienced a minor decline, dropping 0.79% to $2.50 at 4:20 AM on Wednesday, January 8.