Tesla stock jumps to another high as Mizuho more than doubles price target to $515

Published On Dec 17, 2024, 11:30 AM

Tesla's stock has surged to a new high, with analysts at Mizuho raising their price target from $230 to $515, suggesting an 'outperform' rating. This increase is driven by expectations that new regulatory conditions under the incoming Trump administration will favor Tesla's autonomy initiatives and make the company more profitable compared to competitors. Analysts believe that easing regulations could potentially enhance Tesla's full self-driving (FSD) and robotaxi deployments significantly, providing substantial revenue opportunities. With its stock having already risen over 87% since the recent elections, some analysts see a further upside of approximately 10%.

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Stock Forecasts

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Positive

Tesla's exceptional rise appears to be supported by regulatory changes and strategic advantages in the EV market. The positive sentiment from analysts also indicates strong future performance expectations driven by advancements in autonomous driving technology. This suggests a favorable market outlook for Tesla in the near term.

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