Part 8/12:
While the immediate effect might be a drop in Tesla's stock price due to subsidy removal, Musk’s long-term outlook remains bullish. The elimination of subsidies will likely level the playing field, limiting competition from fossil fuel industries—who received $7 trillion globally in subsidies in 2023—while benefiting Tesla's profitable operation. Musk argues that as the US moves toward full electric adoption, Tesla's market share and sales will only increase.
Market Sentiment and Expert Predictions
Wall Street continues to be optimistic about Tesla. Notable investors such as Ron Baron and Morgan Sany have expressed bullish views, with Baron predicting Tesla could see its stock tripling to $1,000 or more in the coming years.