Tesla Stock Hits New All-Time High as Wedbush Boosts Price Target Again | Global News Avenue

Tesla (TeslaWedbush raised its price target again on Monday, citing the electric vehicle (EV) maker’s autonomous vehicles and Artificial Intelligence (AI) These efforts will be boosted by the new Trump administration.

Wedbush raised its price target from $400 to $515 and gave “bull Case” $650 scenario for next year. The move comes a month after Wedbush initially proposed Increased target price From $300 to $400 for similar reasons.

Wedbush says Trump administration will completely change the game for Tesla

“Trump in the White House over the next four years will completely change Tesla and (CEO Elon’s) self-driving and artificial intelligence story,” analysts wrote in a note to clients. Musk in the coming years. ”

They estimate that the Fully Self-Driving (FSD) and AI opportunity alone is worth at least $1 trillion, and they “fully expect” the Trump administration to move forward with these initiatives quickly, “just like the federal regulatory spider web that Musk and company have built.” Same” There have been significant problems with FSD/autonomous removal over the past few years in the new Trump era. ”

Analysts believe Tesla could be worth $2 trillion Market value By the end of 2025, as the autonomous driving vision takes shape, electric vehicle deliveries in China are expected to jump.

Wedbush maintained an “outperform” rating on the stock.

Tesla shares rose 1% to $440.67 recently and hit a record high of $447.41 shortly after the opening bell. Their value has increased by more than three-quarters this year.