Tesla Stock Hits New All-Time High as Wedbush Boosts Price Target Again
Key Takeaways
- Wedbush again raised its price target on Tesla stock on expectations the new Trump administration will give the EV maker’s self-driving and artificial intelligence efforts a boost.
- The analysts lifted the price target to $515 from $400, and said it could hit $650 by the end of next year.
- Shares of Tesla traded at a fresh all-time high.
Tesla (TSLA) shares traded at a fresh all-time high Monday after Wedbush again raised its price target, arguing the electric vehicle (EV) maker’s self-driving car and artificial intelligence (AI) efforts will get a boost from the new Trump administration.
Wedbush lifted its price target to $515 from $400, and gave a “bull case” scenario of $650 next year. The move came about a month…
