Reported 13 days ago
Tesla stock surged nearly 9% on Monday, reaching its highest price since early 2022, with a market cap surpassing $1.1 trillion. Analysts credit the stock's success to expectations of favorable conditions for electric vehicles and AI innovations under the new Trump administration. Wedbush analysts raised their price target for Tesla to $400, predicting that regulatory challenges will ease and accelerate key initiatives for the company. Since the election, Tesla's stock has climbed almost 50%, prompting significant losses for short sellers.
Source: YAHOO