Analyst revises TSLA share price as Tesla looks like Elon Musk’s ‘proxy’
A Wall Street analyst has revised Tesla’s (NASDAQ: TSLA) stock price target upward by over 50% as TSLA shares rally in line with optimism surrounding Donald Trump’s election.
Jefferies analyst Philippe Houchois raised the stock target from $195 to $300 while maintaining a ‘Hold’ rating in an investor note to clients on November 14.
According to Houchois, the update highlights the optimism around Tesla’s growth across its various ventures, spurred by post-election expectations of deregulation under the Trump administration.
The outlook suggested that Tesla should consider leveraging the recent $1 trillion valuation to raise equity capital.
Houchois contends deregulation could open new opportunities in…
