Wall Street Breakfast Wedbush boosts Tesla price targets
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Dec 16, 2024 Tesla's stock is getting a boost with higher price targets from Wedbush, making investors optimistic. Lawmakers are pushing Apple and Google to brace for a possible TikTok ban, adding tension in the tech landscape. Meanwhile, Novo Nordisk is investing $1.2 billion in a new plant in Denmark aimed at producing drugs for rare diseases. These developments in technology and healthcare highlight the dynamic nature of the market.
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Tesla's Projected Growth
- Wedbush raises Tesla's price target to $515, with a bull case of $650, anticipating a $2 trillion market cap by 2025.
- Analyst Dan Ives believes a Trump presidency will accelerate Tesla's AI and autonomous driving development, potentially adding $1 trillion in value.
TikTok Ban Imminent?
- Lawmakers urge Apple and Google to prepare for a potential TikTok ban, following a court decision upholding a divestment requirement.
- TikTok might appeal to the Supreme Court, but the ban's deadline is close to Trump's inauguration, who has previously supported TikTok.
Novo Nordisk's Investment
- Novo Nordisk is investing $1.2 billion in a new Danish facility for rare disease medications.
- The project, creating 400 permanent jobs, will complete in 2027, and employ 1,000 external workers during construction.