Tesla Bull Hikes Elon Musk's EV Giant's Price Target To $400 As Stock Rallies 47% In One Month

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What Happened: “…We believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years,” Ives said.“We estimate the AI/autonomous opportunity is worth $1 trillion alone for Tesla.” We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years.

Wedbush analyst Dan Ives on Monday raised his price target on Tesla Inc (NASDAQ:TSLA) from $300 to $400, in the hope that Donald Trump winning the Presidential election will be a “gamechanger” for the EV giant spearheaded by billionaire Elon Musk.

We estimate the AI/autonomous opportunity is worth $1 trillion alone for Tesla🔥🏆🐂

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: Analyst Ratings EVs Benzinga Price Target Mobility Tech News TSLA Electric vehicles US88160R1014 Elon Musk Dan Ives

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 12:22:32 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 14 lines

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Copyright Owner: © Benzinga

News ID: 23514897

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