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Deutsche Bank Names Tesla Key Investment for 2025, Raises Price Target to $370

Dec 9, 2024, 01:48 PM

Deutsche Bank has named Tesla Inc. as a 'key idea for 2025,' highlighting the electric vehicle manufacturer as a top investment pick for the upcoming year. The bank raised its price target on Tesla stock from $295 to $370, reflecting optimism about the company's future performance despite ongoing challenges in the automotive industry. This bullish outlook comes as Tesla's stock price approaches its record closing high of $409.97 from November 4, 2021, currently trading less than 5% or $21 away from that peak.