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Dan Ives: Tesla at or above $300 on Jul 2, 2025

Dan Ives' prediction that Tesla would be at or above $300 on July 2, 2025 came true. The close on the deadline decided this call: Tesla closed at $315.65 on July 2, 2025, the deadline. Dan Ives made the call on CNBC on July 2, 2024, when Tesla was at $209.86. The target needed a 43% rise in one year.

Updated

What was said

Photo of Dan Ives
Dan Ives

Partner and Senior Managing Director, Yorkville Ives & Co.

CNBC, Jul 2, 2024SourceArchive

4 predictions · 3 hit · 1 missed

Photo: How I Invest Podcast, CC BY 3.0

Wedbush analyst Dan Ives raised his price target on Tesla after the electric vehicle company posted better-than-expected deliveries in the second quarter. The tech analyst hiked his 12-month price target on the Elon Musk -led company by 9%, to $300 from $275 previously.

Ives said Tesla's better-than-expected second-quarter deliveries marked a 'major turning point' for the company's demand story. He added that most price cuts were behind the company, EV demand was stabilizing globally and especially in China, and that Tesla should reach a 2 million-unit annual trajectory over the coming quarters with easier comparisons in 2025.

How we checked this

HitDeadline

Price when said
$209.86 closeprice data
Target
$300+43%
Close on the deadline
$315.65price data

The close of the last trading day on or before Jul 2, 2025 decides: the prediction comes true if that close is at or above $300. Prices are daily closes, not intraday highs.

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