:max_bytes(150000):strip_icc()/GettyImages-2189864659-6925b02f2a114df7acfb74065816db3d.jpg?w=1500&resize=1500,1045&ssl=1 "Tesla Stock Touches Another Record High | Global News Avenue")
Tesla Stock Touches Another Record High
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2189864659-6925b02f2a114df7acfb74065816db3d.jpg)
Main points
- Tesla shares hit another record high on Tuesday before edging lower.
- Several of Tesla’s efforts have been helped by a surge in its stock price since the presidential election on optimism that it would benefit from Musk’s relationship with President-elect Donald Trump.
- Analysts at Mizuho said Tesla may see tailwinds under the Trump administration, such as looser regulations around autonomous driving.
Tesla (Tesla) The stock price hit a new high on as many days as possible On Tuesday, another analyst upgraded his rating on the electric car maker.
Mizuho upgraded Tesla to “outperform” and raised its price target to $515 from $230 in a report on Tuesday. That represents an increase of 11% from Monday’s closing price; the stock earlier rose above $480 and was recently up about 1% near $469. Wall Street’s median target is below recent levels, near $300.
The company believes Tesla will face “unique tailwinds” over the next four years under the Trump administration, including the potential loosening of self-driving regulations and the repeal of the consumer electric vehicle tax credit that could benefit Tesla relative to peers.
Tesla stock price surges 90% in 2024, with most of the gains coming from After the November 5 election optimistically CEO Elon Musk’s relationship with President-elect Donald Trump will boost the company’s various businesses.
Mizuho’s note comes a day after Wedbush’s announcement Raise target price It rose from $400 to $515 and gave a “bull” scenario of $650 next year. Analysts at Wedbush believe Tesla’s market value could reach $2 trillion by the end of 2025 as its autonomous driving vision takes shape and China’s electric vehicle deliveries are expected to grow.
:max_bytes(150000):strip_icc()/GettyImages-2189864659-6925b02f2a114df7acfb74065816db3d.jpg?w=1200&resize=1200,0&ssl=1&description=Tesla+Stock+Touches+Another+Record+High+%7C+Global+News+Avenue){kind=link}