Wedbush Raises Tesla Price Target to $400, Citing Trump's Win as Catalyst for AI, Autonomy, and $1T Valuation

Nov 11, 2024, 12:29 PM

Wedbush analyst Dan Ives has significantly raised the price target for Tesla Inc. to $400 from $300, citing a potential 'gamechanger' for the company's autonomous and AI initiatives following Donald Trump's election win. Ives estimates that the AI and autonomous driving technology could add $1 trillion to Tesla's valuation. He believes that under a Trump White House, Tesla's key initiatives led by Elon Musk will be fast-tracked due to a reduction in federal regulatory hurdles.