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A top Wall Street analyst released a new report stating that he believes Tesla (TSLA) stock could soon rise to $1,000 per share on a ‘green tidal wave’ coming to the US and China.

As we reported last week, a report came out stating that Tesla’s net new orders are crashing in China due to recent bad press in the market.

Dan Ives, analyst at Wedbush Securities, issued a new note to clients about Tesla in which he stated that the electrification of China’s massive automotive market is just starting:

“Taking a step back, only 5% of auto sales in China are EV driven today and we believe this transformational consumer demand will see a doubling of EV deliveries in this key region over the next two years with Tesla a major beneficiary along with domestic pure plays NIO, Xpeng, Li Auto, and others,”

He believes Tesla will benefit from the accelerated electrification of the market in the next few years.

The analyst also notes that the impact of President Biden’s $174 billion plan to accelerate electrification in the US has yet to be realized.

At this point, we don’t even know all the details of the plan.

Ives was actually the first to report that the EV federal tax credit could go up to $10,000 in the reform of the program.

He was actually right since the latest bill proposed to reform the federal EV incentive included an increase to $10,000 for EVs made in the US and to $12,500 for EVs made in the US by union workers.

However, the bill hasn’t gone to a vote yet, and the final form of the EV tax credit reform is still unclear.

Wedbush reiterated a $1,000 per share price for Tesla’s stock.

Ives is one of the top Wall Street analyst according to Tip Ranks, an analyst ranking firm.

The Wedbush analyst ranked #79 out of 7,545 analysts on TipRanks with a 67% success rate and a 32% average return.

Electrek’s Take

I agree with Ives that we haven’t seen anything yet. Tesla’s troubles in China are going to look like child’s play when 40-50% of car buyers are going to be hungry for EVs.

Same thing in the US.

Tesla managed to get 80% of the US market last year without having access to the $7,500 tax credit while most competitors did.

Can you imagine how many it could sell if the buyers had access to a $10,000 incentive? Everything they can make, which is going to be a lot more in the US once Gigafactory Texas starts producing vehicles later this year.

While the automaker has some significant issues that it needs to address, especially when it comes to communications and customer service, any demand concerns are overblown, in my opinion.

Full disclosure: I am long TSLA.


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Scottish artist Nnena Kalu wins Turner Prize 2025 for hanging Barcelona sculptures and Liverpool exhibition

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Scottish artist Nnena Kalu wins Turner Prize 2025 for hanging Barcelona sculptures and Liverpool exhibition

Scottish artist Nnena Kalu has won the 2025 Turner Prize with two exhibitions, including a series of brightly coloured sculptures.

The Glaswegian, 59, took home the visual arts prize along with £25,000 at an award ceremony on Tuesday in Bradford, this year’s UK City of Culture.

As reported by The Guardian, she is the first artist with a learning disability to win the award.

Nnena Kalu, from Glasgow, is the winner of this year's Turner Prize. Pic: Nnena Kalu/ActionSpace/PA
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Nnena Kalu, from Glasgow, is the winner of this year’s Turner Prize. Pic: Nnena Kalu/ActionSpace/PA

Along with Hanging Sculpture 1-10, which European art exhibitors Manifesta commissioned her to create at a disused power station in Barcelona, Ms Kalu won for her presentation in Conversations, a group exhibition at Walker Art Gallery in Liverpool.

For the sculpture series, the artist created the vividly-coloured works from repeated lines and wrappings of different materials, making nest or cocoon-like forms.

Hanging Sculpture 1 - 10 by Nnena Kalu. Pic: PA
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Hanging Sculpture 1 – 10 by Nnena Kalu. Pic: PA

The installation consisted of 10 large brightly-coloured sculptures that hung from grey concrete pillars of the industrial site.

Meanwhile, for Conversations, Kalu presented work in pen, graphite and chalk pen on two pieces of paper.

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Conversations by Nnena Kalu. Pic: PA
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Conversations by Nnena Kalu. Pic: PA

The jury, which was chaired by Alex Farquharson, the director of Tate Britain, commended Kalu’s “bold and compelling work” and praised the “lively translation of expressive gesture” in the abstract sculpture and drawing.

The panel also acknowledged her scale, composition and colour, highlighting “the powerful presence” her works have.

Nnena Kalu's nominated Turner Prize works. Pic: PA
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Nnena Kalu’s nominated Turner Prize works. Pic: PA

Kalu is also a resident artist at ActionSpace’s studio, which supports learning disabled artists across London at Studio Voltaire, and beat out fellow shortlisted artists Rene Matic, Mohammed Sami and Zadie Xa.

The works by the four artists are currently available to see at a free exhibition at Bradford’s Cartwright Hall Art Gallery until 22 February.

Jonathan Orrell views work by Nnena Kalu for the Turner Prize. Pic: PA
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Jonathan Orrell views work by Nnena Kalu for the Turner Prize. Pic: PA

Named after British painter JMW Turner, this year’s prize marked the 250th anniversary of his birth.

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Previous winners include artist Damien Hirst in 1995 and filmmaker Sir Steve McQueen in 1999, while last year’s winner, Jasleen Kaur, picked up the prize for Alter Altar – which covered a red sports car with a giant ornamental doily mat.

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Rappers Bob Vylan sue Irish broadcaster RTE over claim lead singer led ‘antisemitic chants’ at Glastonbury gig

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Rappers Bob Vylan sue Irish broadcaster RTE over claim lead singer led 'antisemitic chants' at Glastonbury gig

Punk-rap duo Bob Vylan are suing Irish national broadcaster RTE for defamation, claiming it misrepresented chants led by the band when they played this year’s Glastonbury festival.

The group, which performed at Dublin’s Vicar Street last month, claim they were defamed in a report by RTE News that said the lead singer led antisemitic chants when they played the Somerset festival in June.

During their performance, singer Pascal Robinson-Foster, whose stage name is Bobby Vylan, led a chant of “death, death, to the IDF [Israel Defence Forces]”.

File pic: PA
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File pic: PA

Pic: PA
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Pic: PA

It provoked widespread criticism of the artist, including from Glastonbury organiser Emily Eavis, and the BBC, which live streamed their show.

Phoenix Law launched legal action on behalf of Robinson-Foster and drummer Wade Laurence George at Ireland’s High Court on Monday, according to court records.

The firm said: “The proceedings arise from a broadcast aired by RTE News following Bob Vylan’s performance at Glastonbury Festival on 28 June 2025.

“During this broadcast, comments were made alleging that the lead singer of Bob Vylan led antisemitic chants. These allegations are categorically denied by our clients and are entirely untrue.”

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Phoenix Law said Bob Vylan had made statements expressing support for Palestinian self-determination and criticising military actions by the IDF (Israel Defence Forces).

His comments did not target Jewish people or express hatred towards any group, the firm said, suggesting they were “politically charged but not antisemitic in nature”.

Solicitor Darragh Mackin said the pair “are no stranger to utilising their freedom of expression to speak out against the genocide in Gaza“.

Mr Mackin said there was “a fundamental distinction between speaking critically about the role of the Israeli state forces, and being antisemitic”.

“The former is speech within the confines of political expression, whereas the latter is a form of hatred directed towards Jewish people,” he added.

Read more on Sky News:
Who are Bob Vylan?

The BBC apologised, including to the Jewish community, and said it regretted not pulling the live stream of the set and promised not to live stream “high-risk” acts in future.

It partially upheld complaints made over the broadcast, accepting the live stream broke the corporation’s editorial guidelines.

Ofcom’s chief executive, Dame Melanie Dawes, said the BBC needed to “get a grip quicker” on handling such controversies and complete its internal reports and investigations sooner.

Last month, the Metropolitan Police said detectives would take no further action over similar alleged chants made at a Bob Vylan gig in London in May.

The individual was not arrested but an investigation was ongoing, the Met said.

Avon and Somerset Police said a man, in his 30s, understood to be Mr Robinson-Foster, had voluntarily attended an interview in relation to the band’s Glastonbury performance. Enquiries are ongoing, the force said on Tuesday.

The US condemned the act’s “hateful tirade”, revoking their visas, while several festivals cancelled their upcoming appearances.

Speaking to Louis Theroux in October, Bobby Vylan said he had no regrets about the chants and would do it again “tomorrow”.

Sky News has contacted RTE for comment.

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Rapper Ghetts pleads guilty to causing death by dangerous driving

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Rapper Ghetts pleads guilty to causing death by dangerous driving

Rapper Ghetts has pleaded guilty to causing death by dangerous driving.

The 41-year-old also pleaded guilty to driving dangerously before the fatal collision shortly after 11.30pm on 18 October.

The musician, whose real name is Justin Clarke-Samuel, appeared for a hearing at the Old Bailey via videolink from Pentonville prison, wearing a green polo shirt.

Yubin Tamang, 20, a student from Nepal, died two days after being hit by Clarke-Samuel’s BMW M5 in Redbridge Lane, Ilford, northeast London.

Ghetts, a two-time Mercury Prize nominee and MOBO winner, has been in custody since a preliminary appearance at Barkingside Magistrates’ Court on 27 October.

He will now be sentenced in February.

The rapper was first nominated for the prestigious Mercury Prize in 2021, for his third album Conflict Of Interest. His second nomination for his fourth album, On Purpose, With Purpose, in 2024.

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