Tesla Stock Hits Record High as Analysts Boost Price Targets on Trump-Era Optimism
Analysts cite favorable regulatory shifts under the incoming Trump administration as a key driver for Tesla's autonomous and AI ambitions.
- Tesla's stock price reached a new all-time high of over $480, with analysts raising price targets to as high as $515 due to anticipated regulatory changes.
- Mizuho Securities and Wedbush analysts highlighted the potential for Tesla's autonomous driving and AI initiatives to benefit from a more lenient regulatory environment under President-elect Donald Trump.
- Wedbush projects a 'bull case' scenario where Tesla's stock could hit $650 by the end of 2025, with its AI and autonomy opportunities valued at $1 trillion.
- Tesla's market cap has surged by $730 billion since the U.S. election, with analysts noting that much of the rally is tied to optimism about policy shifts rather than immediate financial performance.
- Elon Musk, Tesla's CEO, celebrated the stock's rise on social media and expressed confidence in further growth, while some analysts cautioned that the stock may be overvalued based on current earnings projections.