Wedbush raises Tesla PT to $400 YT video explained impact of Trump administration on Tesla
1) Teslarati
Wedbush Securities analyst Dan Ives announced that the financing firm raised Tesla’s price point from $300 to $400. Wedbush analysts believe Trump’s presidency is a game-changer for Tesla.
Wedbush is optimistic about Tesla’s autonomous and AI story now that Donald Trump has secured his second term as the President of the United States. Tesla stocks surged after Donald Trump secured the US presidency. A few days after the elections, Tesla reached a $1.02 trillion market cap.
Wedbush is optimistic about Tesla’s autonomous and AI story now that Donald Trump has secured his second term as the President of the United States. Tesla stocks surged after Donald Trump secured the US presidency. A few days after the elections, Tesla reached a $1.02 trillion market cap.
2) @Xiejackie from X.com
The YouTube video explained the significant impact that the Trump administration has on Tesla's long-term development, especially the approval of autonomous driving regulations. Although there is a risk that fourth-quarter sales may fall short of expectations in the near term, he believes the stock price is set to rise significantly next year.
3) My Take
Xiejackie explained in simple terms the latest development of Tesla and his YT video is easy to understand. Wedbush upgrades of Tesla TP to $400 is significant because it marks the new episode of Tesla. What the analyst has forecasted is becoming real e.g. Tesla reached USD 1 trillion market capitalization by the end of this year.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWC OP : Someone is still misleading others that the stock will be going back to 270 soon. He shared an old Electrek article dated 28 October 2024 (2 weeks old) to spread FUD about the company. Such news will be irrelevant by now as traders have already digested the risk.
He has kept quiet about his last Tesla's price forecast was below 200 not long ago. A person who frequently posts negative views on a stock will make mistakes when drawing and interpreting the TA chart due to confirmation bias.
$Tesla (TSLA.US)$ share price is 360 +2% at premarket and may hit a new 52-weeks high when the stock market opens later.