Global automotive market reports

Tesla Shares Top $400; Deutsche Bank Raises Target from $295 to $370, Names It Top 2025 Pick

Dec 9, 2024, 02:30 PM

Tesla Inc.'s shares (NASDAQ: TSLA) have surged above $400 per share for the first time since January 2022, rising 3% overnight and bringing the stock within 5% of its record closing high of $409.97 reached on November 4, 2021. Deutsche Bank raised its price target for Tesla from $295 to $370 and named the company as a 'key idea for 2025,' citing its leadership in autonomous driving technology and resilience amid industry challenges. The bank stated, 'Tesla is at the forefront of the technological and scale curve in terms of reaching practical autonomy.' Despite global automotive headwinds, including pricing pressures and high interest rates, analysts believe Tesla remains positioned to lead in technological advancement and scale.