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Dan Ives: Tesla at or above $315 on Jan 25, 2025

Dan Ives' prediction that Tesla would be at or above $315 on January 25, 2025 came true. The close on the deadline decided this call: Tesla closed at $406.58 on January 24, 2025, the last trading day before the deadline. Dan Ives made the call on CNBC on January 25, 2024, when Tesla was at $207.83. The target needed a 52% rise in one year.

Updated

What was said

Photo of Dan Ives
Dan Ives

Partner and Senior Managing Director, Yorkville Ives & Co.

CNBC, Jan 25, 2024SourceArchive

4 predictions · 3 hit · 1 missed

Photo: How I Invest Podcast, CC BY 3.0

Ives slashed his 12-month stock price target for Tesla by 10% to $315, which still implies about 52% upside from Wednesday's close.

Ives cut the target after Tesla's fourth-quarter earnings call, which he said failed to give a strategic and financial overview of the ongoing price cuts, margin structure and fluctuating demand, leaving Wedbush's near-term confidence shaken. He kept his outperform rating, saying Tesla's long-term story remains intact, that mass-market adoption of electric vehicles is around the corner, and that he remains firm on a long-term bull thesis around Tesla and the broader AI story.

How we checked this

HitDeadline

Price when said
$207.83 closeprice data
Target
$315+52%
Close on the deadline
$406.58price data

The close of the last trading day on or before Jan 25, 2025 decides: the prediction comes true if that close is at or above $315. Prices are daily closes, not intraday highs.

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