Mon Nov 11 16:44:01 UTC 2024: ## Tesla Soars on Trump Win, Wedbush Boosts Target to $400

**San Francisco, CA -** Tesla (TSLA) stock surged on Monday, fueled by investor optimism surrounding a potential reduction in regulations under a Trump administration and CEO Elon Musk’s close ties to the incoming president.

Wedbush Securities significantly raised its price target for Tesla to $400 from $300, citing the Trump victory as a “gamechanger” for the company’s autonomous and AI ambitions. Analysts believe that Tesla stands to benefit immensely from a more relaxed regulatory environment, potentially unlocking a $1 trillion market opportunity for its autonomous vehicle and AI initiatives.

“We fully expect these key initiatives will now get fast tracked as the federal regulatory spiderweb…clears significantly under a new Trump era,” the Wedbush analysts wrote in a note to clients.

Tesla shares rallied over 10% to $353.26, reaching their highest point since spring 2022. The stock has gained approximately 40% since Election Day.

Wedbush maintained its “outperform” rating on Tesla, calling it the “most undervalued AI play in the market today.”

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