Analysts are optimistic about Tesla's future valuation, with predictions suggesting the company's market capitalization could reach $2 trillion by 2025. Dan Ives from Wedbush believes that Tesla's stock could trade at a price-to-earnings (P/E) ratio of 120-140x by the end of 2024. Currently, Tesla's stock is trading at $426 in pre-market. Analysts estimate that Tesla could earn $3.80 per share in fiscal year 2025, surpassing the Wall Street consensus of $3.30. This positive outlook is partly attributed to the anticipated success of a new Tesla Compact vehicle, which could drive earnings growth.