Elon Musk has abandoned political involvement to concentrate exclusively on Tesla operations.

During the tumultuous beginning of 2025, due to market declines and political issues, Tesla shares experienced a positive development. Tesla shareholders are finally able to find some happiness as CEO Elon Musk decides to reduce his work at the Department of Government Efficiency  (DOGE) in order to prepare for Tesla’s robotaxi release, which is scheduled for June.

The switch in Musk’s focus has created positive expectations among investors. Wall Street analyst Dan Ives raised his Tesla share price projection to $500 from the present $339 level,l which represents a 47% increase.

According to Ives

“Tesla remains the most undervalued AI play in the market today.”

Robotaxi Rollout Marks a Major Turning Point

Tesla aims to introduce its autonomous ride-sharing facilities across different American cities throughout the current year. Through these changes, Musk positions robotaxis as the essential growth driver, which might enable Tesla to establish market control over the transportation industry.

The statement from Musk that Tesla will control 99% of the worldwide robotaxi market represents an ambitious forecast that fits the company’s bold strategy toward autonomous technology.

Musk’s Mega Prediction: Tesla to Outvalue Big Tech Titans

During Tesla’s Q1 earnings call, Musk forecasted that Tesla’s market value could surpass the sum of Apple, Microsoft, Nvidia, Amazon and Alphabet, which is the combined worth of the world’s five most valuable companies.

The CEO stated that Tesla could reach a market capitalization far above any other company in the world through exceptional operational success. He mentioned that Tesla could reach market valuation levels that match the combined worth of the following five companies.

The forecast indicates Tesla could achieve a 1,300% market cap growth from its current $1 trillion valuation through its autonomous driving and robotics initiatives, including its humanoid robot development.

Current Challenges Still Loom

The optimistic outlook for Tesla remains uncertain due to multiple challenges that the company continues to face. During the first quarter, the company lost 7% of the global EV market  share, which resulted in Chinese manufacturer BYD taking over the top

However, with Musk refocusing and major AI-driven initiatives on the horizon, bullish investors believe Tesla could be entering a new era of innovation and dominance.