Tesla Shareholders Bet Big on Musk’s Vision Amid Market Ambivalence
Tesla shareholders have doubled down on CEO Elon Musk’s leadership, endorsing his ambitious $8.5 trillion market cap target. The stock has traded sideways since last week’s shareholder vote, reflecting market uncertainty about the gamble.
Top investor Victor Dergunov remains bullish, suggesting future dips could present buying opportunities. 'While I increased my long-term Tesla position on the recent pullback, I believe we could see an even better buying opportunity ahead,' says Dergunov, ranked in the top 3% of TipRanks analysts.
Q3 delivery records and vehicle refreshes underscore Tesla’s operational momentum. Dergunov dismisses concerns over the expiring EV tax credit, arguing Tesla’s value proposition remains unmatched.