Tesla on High: Analysts Have High Expectations for AI Development under Trump
- Wedbush raises target price to 515 USD, with a positive outlook of 650 USD.
- Tesla reaches new high thanks to AI potential and Trump administration.
Eulerpool News·
The shares of electric car pioneer Tesla reached a new high on Monday after the renowned analytics firm Wedbush raised its price target once again. The background is the potential of self-driving technologies and Artificial Intelligence (AI), which are expected to gain momentum from the new Trump administration.
Wedbush increased Tesla's price target from the previous $400 to now $515 and, in a particularly positive scenario, even projected $650 for the coming year. This decision came only a month after a previous increase of the target from $300 to $400.
Wedbush experts speak of a "total turning point" for Tesla's AI vision under the Trump administration, which could significantly simplify the regulatory framework. This could unleash a billion-dollar potential for Tesla's self-driving technologies, estimated at at least $1 trillion.
Optimistic estimates see a doubling of market capitalization to $2 trillion by the end of 2025, driven by advances in autonomous driving and increasing demand for electric vehicles in China. Wedbush reaffirmed its "Outperform" rating for Tesla stock.
Tesla's stock price recently rose by 1% to $440.67, after reaching a record high of $447.41 at the start of the trading day. This year, the stock has gained over three-quarters of its value. ![](https://cdn.eulerpool.com/images/data-analytics/better.jpg)
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