By coinnews 
00:00 Dave Briggs
Now time for some of today’s trending tickers. We are watching Tesla and Booz Allen. Joining me now, we’ve got Market Domination co-host Julie Hyman. Julie, good to have you here. First, let’s set the scene and talk a little Tesla. Tesla’s autonomous opportunities could drive the stock up more than 45% from its last close. This is according to one analyst, Wedbush’s Dan Ives, pushing his price target on the EV maker to 500 bucks a share, the highest on the street. And shares of Tesla not moving higher on this a lot. Of course, a flurry of different headlines always to evaluate with this company.
00:43 Julie Hyman
Well, news flash, Dan Ives is a bull on Tesla, right? Like we already knew that part. So maybe that’s why we’re not seeing the shares move that much. His $500 is I I think the next highest price target I saw was around 470 by a firm out of China. So, um, you know, this is highest by a decent margin here. Um, and Ives, although he has remained a bull, has kind of wavered back and forth this year as we saw, um, Elon Musk sort of pulling away from the company because of Doge, then Ives was all back in once he felt like Musk had sort of recommitted. And now, speaking of recommitment, Ives himself is recommitting to the thesis about autonomous driving, talking about the coming, um, uh, rollout in Austin of autonomous driving, and really says that that is the latest catalyst for the stock. He also says, um, that we could see a $2 trillion dollar valuation for Tesla over the next 12 to 18 months. He says that’s because of full self driving and autonomous and the cyber cab. And he says, we believe that Tesla remains the most undervalued AI play in the market today.
02:26 Dave Briggs
Yeah, saying it remains the most undervalued AI player as you were mentioning. Rome was not built in a day and neither will Tesla’s autonomous and robotic strategic vision be. Many setbacks, he says, but uh, unmatched scale scope globally, they believe there’s huge opportunity.
02:47 Julie Hyman
Yeah. I mean, he does acknowledge that there still needs to be a rejuvenation and, um, rebound in the sales in Europe, particularly of the Model Y in Europe and in China. So we’ll see. I mean, we learned yesterday that BYD sales last month in Europe had surpassed those of, in terms of unit sales had surpassed those of Tesla. So that was an interesting milestone. So we’ll see what happens with their actual bread and butter auto selling business going forward.
03:50 Dave Briggs
We’re tracking shares of TSLA. We’re also tracking shares of this next company, Booz Allen, falling after the company’s forecasts for adjusted E and adjusted earnings per share for 2026 missed estimates. Shares of BAH, it’s a bah humbug type of move here that we’re seeing down 13%.
04:22 Julie Hyman
Yeah, Booz Allen Hamilton, um, a big government contractor, almost all of its revenue comes from the US government. And, so oh, it’s not shocking that given what we’ve been seeing happen with cuts that this would be a company that got affected. So we got a little more color today as to exactly how it’s going to be affected. And the company says it’s going to cut about 7% of its workforce. It has about 36,000 employees. The company talking on the conference call that the sort of defense and security businesses held up. Okay. It’s the civil side, um, where there have seen been cuts in the government that that are where they’re going to see declines here. The company said also the run rate on five large technology contracts has been reduced significantly. And then that that coincided with the ending of a large technology contract it had with Veterans Affairs administration. Um, and the executives on the call, including, um, the CEO there, Horacio Rozanski, saying that normally when they have these kinds of cuts, they can make up for it in other places. In other words, government’s always growing somewhere, so they get the contracts. This time because of the pullback in civilian agencies and spending there, they don’t have anywhere to redeploy those employees to. And so that is why they are seeing the cut there, um, in in the employees, um, and, you know, so the company’s acknowledging what’s going on here.
06:46 Dave Briggs
Yeah. I mean, this is massive, especially given that they employ about 35,000, nearly 36,000 people globally, and that was as of the end of this most recent quarter here. Julie, we’re going to be watching this.
07:06 Julie Hyman
As we know you will be too throughout the rest of today’s session. So.
07:11 Dave Briggs
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