Elon Musk's Tesla recoups all its year-to-date losses after adding a staggering $150bn in market cap in just 3 days: 'Worst is in the rear view mirror'
How much did Tesla's market cap increase in three days?
Tesla's market cap increased by a staggering $150 billion in just three days, fully recouping its year-to-date losses. This impressive growth came as the company beat second-quarter delivery estimates and showcased massive growth in its energy storage business, leading analysts to believe the worst is in the rearview mirror for Tesla.
What was Tesla's stock price target upgraded to by Dan Ives?
Dan Ives, a Wedbush Securities analyst, upgraded Tesla's stock price target to $300, citing a positive shift in the company's demand story for the second half of 2025 and the potential of Tesla's AI story, which he believes could be worth over $1 trillion, making it the most undervalued AI name3.
What new growth target is Elon Musk setting for Tesla?
Elon Musk is setting a new growth target for Tesla, focusing on a global sustainable energy future6. This plan involves a $10 trillion investment to develop sustainable energy worldwide, including repowering the existing power grid with renewable energy, producing more electric vehicles, installing heat pumps in homes and buildings, and using high-temperature heat delivery and hydrogen for industrial applications5.