Goldman Sachs Fuels Tesla Stock with Optimistic Price Target

Tesla shares experienced a significant pre-market surge on Wednesday after a second Goldman Sachs analyst raised the price target considerably to $345. In light of Tesla's ambitious growth plans and impressive sales figures, the stock reached an all-time high. Since election day, Tesla's stock price has risen by about 60 percent. Even more remarkable is the increase of over 84 percent since October 26th, when the company presented its Cybercab robotaxi. Investor confidence is further bolstered by Elon Musk's close ties with President-elect Donald Trump. Tesla's hopes for a federal budget cut and better customs conditions under the new administration are significant goals for the automaker. Investors are also focused on Tesla's success in the field of robotics: The Optimus humanoid robot is being scaled for industrial use, and the progress in developing a fully automated driving AI is generating great interest. According to insiders, electric vehicle sales could rise by 20 to 30 percent by 2025. Additionally, Musk hinted that a price reduction might be on the horizon in 2025 with the introduction of a cheaper vehicle. The Model Y is particularly popular in China, where Tesla sold 73,000 units in November – the best sales figure of the year. The trend continued in December, as 21,900 units were sold in the first week alone. Several Wall Street analysts praise Tesla for its strong momentum. In particular, the demand for AI technologies and international sales figures are highlighted as driving growth factors.