Investment bank forecast: Tesla will win half of the US$5 trillion electric car market | Anue Juheng-US stocks

On Friday (19th) Tesla’s long-term majority investment bank Wedbush said that Tesla may win half of the US$5 trillion electric car market.

In an interview on Wednesday, Cathie Wood, who has the title of “women stock god” and is in charge of Ark investment management company, said that Tesla is expected to reach a 20% market share in the auto market within the next five years, butWedbush, Tesla’s long-term majority investment bank, gave a more optimistic forecast: “Tesla may win half of the $5 trillion electric car market.”

Ives wrote that Wall Street is continuing to digest the tremendous changes brought about by the electric car revolution to the automotive industry. This green wave will bring a $5 trillion market opportunity in the next ten years, and Tesla will lead the trend.

Ives researched and judged that the US$550 billion infrastructure investment plan launched by the Biden government will boost the US electric vehicle industry, while China’s demand will also improve, and Tesla should benefit from it.

Wedbush analyst Dan Ives raised Tesla’s (TSLA-US) target price from US$1,100 to US$1,400 on Friday, and reiterated Tesla’s outperform rating.

Wedbush is not the only investment bank that has raised Tesla’s target price to $1,400.

Jefferies analyst Philippe Houchois raised Tesla’s target price to $1,400 on the 8th. Houchois pointed out that, as in 2020, Tesla’s stock price is sending a warning to the traditional auto industry. With the acceleration of growth in the third quarter, Tesla is larger than more traditional automakers and has the ability to reverse the traditional zero-sum game.

Houchois pointed out that Tesla’s bright financial report and multiple competitive advantages may last longer than many investors expected, such as battery density, battery cost, software, chip design/procurement, from design to manufacturing, completely avoiding the troubles of the business model. Complexity and inefficiency.

Competition in the electric vehicle industry is heating up. After Apple has reached a key milestone in its autonomous driving system, it was reported on Thursday that Apple is vigorously promoting Apple Cars with fully autonomous driving capabilities.

Ives stated in another report that it is believed that Apple’s establishment of potential and larger-scale strategic partnerships with well-known automobile manufacturers such as Tesla, Hyundai, General Motors, Ford or Volkswagen will be the direction for Apple in the next ten years. Golden partnership for electric vehicle opportunities.

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