Well-known Tesla bull analyst Dan Ives of Wedbush Securities predicts that Tesla is expected to launch a new generation of electric vehicles priced under $30,000 next year. This is one of his top ten predictions for the disruptive technology industry in 2024. Ives said Tesla expects to launch a sub-$30,000 car made in Mexico by the end of 2024, which could have a significant impact on the electric car giant's future sales.
The following are the top ten predictions for the technology industry in 2024 released by Ives:
1. AI becomes mainstream. Ives predicts that AI will account for 8-10% of global IT budgets in 2024, up from less than 1% this year, representing $1 trillion in spending over the next decade.
2. Apple launches artificial intelligence AppStore, which will boost its service revenue by US$5 billion by 2025.
3. Large technology companies have launched a wave of mergers and acquisitions. Microsoft, Amazon, and Alphabet will all actively acquire publicly listed or private companies to expand their product footprints.
4. Tesla launches electric cars priced under $30,000.
5. Technology stocks will rise 25% next year.
6. Apple acquires ESPN.
7. Network security has become the best segmented industry in the technology field.
8. The "Big Seven" stocks will continue to lead technology stocks and are expected to rise by 30% next year.
9. Musk raises more funds for X and continues to move towards the goal of becoming a super app.
10. The market value of Microsoft and Apple will reach US$4 trillion.