Tesla headed for $2 trillion valuation after Musk's 'big bet' on Trump win, analysts say

Published On Nov 11, 2024, 11:57 AM

Following the recent victory of Donald Trump in the presidential election, Tesla's stock has gained significant momentum, leading analysts to project a potential doubling of its market capitalization to $2 trillion within the next 12 to 18 months. Analysts from Wedbush have raised their price target for Tesla from $300 to $400 per share, citing that Tesla's prospects in AI and autonomous driving could significantly contribute to its valuation. The anticipated shift in regulatory environment under a Trump administration is seen as favorable for Tesla's expansion and innovation initiatives.

Read full article

Stock Forecasts

TSLAView TSLA chart on TradingView

Positive

Tesla's stock price is expected to rise further due to strong analyst support and positive market sentiment following the election. The forecast includes anticipated regulatory relief which could accelerate Tesla's technology developments.

Related News

Stock market today: Dow, S&P 500 extend rally, Nasdaq wavers as bitcoin tops $84,000

Nov 11, 2024, 10:21 AM

Markets still appear upbeat about the prospect of a Trump presidency, though thoughts are turning to consumer inflation data on the horizon.

TSLA
COIN

Tesla stock soars 10% as Wall Street grows more bullish after 'gamechanger' election

Nov 11, 2024, 11:38 AM

Tesla shares surged for a fifth straight session on Monday as the company continues to benefit from its CEO's relationship with the President-elect.

TSLA

Bitcoin reaches record high near $85,000 as crypto, Trump trades dominate stock market

Nov 11, 2024, 11:14 AM

Bitcoin and cryptocurrency related stocks have soared since Donal Trump won the presidential election on Nov. 6.

COIN
HOOD
MSTR
IBIT
TSLA