The stock has already exploded recently, mostly just based on institutional/retail investor FOMO.

2025 could see:
Robotaxi/FSD really taking off. Those with V13 say it's incredibly good. GM just scrapped their FSD efforts after spending billions. They can't compete.

Model Y is the best selling car in the world.

Tesla Semi ramping up. New factory close to being completed. Frito Lay/Pepsi already using dozens of Tesla Semis with great feedback overall.

MegaPack electrical stationary storage production (BESS) to double with opening of Shanghai plant. HUGE potential in this area which focuses on grid stabilization. Musk said could be bigger than auto business.

New less expensive Tesla to be revealed (Musk mentioned new "models"). Possible van of some sort in addition to smaller model?

Optimus robot making incredible progress.

4680 battery ramping exponentially.

Lithium refinery plant progressing.

Supercharger network continues to be built out rapidly.

Cybertruck is outselling Ford Lightning and all other EV truck's combined. Is also outselling the entire Rivian fleet.

etc. Musk believes Tesla will have the largest market cap of any company in the future.