Reported 13 days ago
Tesla's stock surged nearly 9% on November 11, 2024, reaching its highest price since 2022 as Wall Street's optimism grows following Donald Trump's election victory. Analysts from Wedbush raised their price target for Tesla to $400, anticipating that the Trump administration will accelerate initiatives in artificial intelligence and autonomous driving, potentially increasing the company's value by $1 trillion. The stock has risen nearly 50% since the election and has caused significant financial losses for hedge funds betting against it.
Source: YAHOO