Wedbush analysts highlight the evolving dynamics surrounding TikTok's potential sale, with Elon Musk and Larry Ellison emerging as key figures in the bidding process. The Trump administration's recent green light for a deal has intensified interest, with ByteDance reportedly open to a joint venture or outright sale, excluding its proprietary algorithm. Analysts suggest a potential $40-$50 billion valuation for TikTok's U.S. operations, emphasizing Musk's strategic position due to his strong ties with both Trump and Beijing. "Musk would be handpicked by Beijing," Wedbush notes, underscoring his pivotal role in the negotiations. The report also mentions Oracle's potential involvement, given its existing partnership with TikTok. The broader implications of the TikTok deal are significant, potentially impacting U.S.-China tariff negotiations. As the situation unfolds, Wedbush anticipates a flurry of bids from major tech and financial players. Tesla (TSLA) shares were trading at $419.19, down 1.15% as of January 22, 2025.