In the past week, Tesla's stock soared as several major Wall Street firms raised their Target Prices, marking the first historical high for Tesla's stock price in three years. CEO Musk's wealth further increased, setting a new record for the highest personal Assets of the world's richest person.

On December 11, Eastern Time Wednesday, Tesla's stock price accelerated upward during the midday trading session, rising to $424.88 at one point in the last hour, with an intraday increase of about 6%, setting a new intraday historical high, ultimately closing up over 5.9% after six consecutive trading days of gain, breaking the closing record set on November 4, 2021.

Goldman Sachs raised the Target Price by 38% while long-term bearish Analyst Irwin raised it by 347%.

Wall Street Journal noted that before Tesla further rose on Wednesday, Goldman Sachs Analyst Mark Delaney had just raised Tesla's Target Price from $250 to $345, an increase of 38%, while maintaining a neutral rating on Tesla. Although the adjusted Target Price by Delaney is still significantly lower than Tuesday's closing price of over $400 for Tesla, his report, like those of other Institutions, is Bullish on the positive impact of autonomous driving and robotics technology applications on Tesla's stock price.

In the latest report, Delaney wrote that Goldman Sachs believes Tesla is leading in platforms and power, as well as in a broader clean mobility sector that includes electric vehicles, energy storage, Software, and charging. At the same time, Goldman Sachs thinks that Tesla will face resistance in its core Autos Business in the near to medium term, affected by factors including a slowdown in global electric vehicle demand growth and pricing pressure.

Delaney and other Goldman Sachs Analysts believe that given the growing market interest in potential beneficiaries of AI, Tesla's individual stock may still maintain a high PE, reflecting long-term opportunities related to Tesla's FSD autonomous driving technology or robotics.

In the week before Goldman Sachs, other Wall Street institutions also unanimously raised their Target Price for Tesla. Morgan Stanley increased its Target Price from $310 by 29% to $400, maintaining an overweight rating, while Cantor Fitzgerald raised its Target Price significantly by 43% to $365, maintaining a neutral rating. Analysts at Morgan Stanley listed Tesla as their preferred choice, stating that strong sales momentum will help Tesla set new records in China in the fourth quarter.

Last week, after visiting Tesla's Gigafactory in Austin, Texas, Bank of America's analyst John Murph became more Bullish on the stock price, raising the Target Price by 14.3% to $400, which is at the high end of Wall Street analysts' expectations. Murph stated that he is confident in Tesla's growth prospects for next year and the long term, with Tesla's autonomous driving and robot Business leading the growth. Significant progress has been made on FSD, adoption rates are increasing, development of Optimus is expected to accelerate, and new models next year will expand the Total Addressable Market (TAM).

Also last week, Craig Irwin, an analyst from Roth MKM who had been bearish on Tesla for a long time, changed his stance, upgrading the rating from neutral to Buy and raising the Target Price strongly by 347%, from $85 to $380. Irwin stated that he did not find many negative catalysts for Tesla, but rather many positive ones, indicating that the current trend is upward, not downward. He also mentioned that Tesla's stock price is reacting to the Trump effect.

Musk sets a new record for personal Assets as the world's richest person.

With Tesla's stock price rising, Musk's personal wealth has further expanded. On Wednesday during trading, the Bloomberg Billionaires Index showed that Musk's personal net worth exceeded $400 billion, making him the first person in the world to surpass the $400 billion mark, refreshing the highest record of Assets as the world's richest person.

As a major contributor to Trump's election as president, Musk's companies saw a general surge in valuations after the election ended. Since the end of Election Day on November 5, Tesla's stock price has cumulatively increased by approximately 69% as of Wednesday's close.

Analysts value Musk for the potential influence he may have on future government decisions in the USA due to his close relationship with Trump. Musk stated during the Tesla third-quarter earnings call in October that he intends to leverage his influence with Trump to establish a 'federal approval process for autonomous vehicles.' Currently, approvals are conducted by state-level government agencies.

On the first day after the election, November 6, Dan Ives, an analyst at investment bank Wedbush and a 'die-hard fan' of Musk, openly expressed his optimism about Musk and Tesla, stating that 'the biggest beneficiary of Trump's victory will be Tesla/Musk.'

At the same time, Wedbush's Analyst raised Tesla's Target Price from $300 to $400, stating that, "believing that Trump's entry into the White House will change Tesla and Musk's narrative on autonomous driving and AI in the coming years."

Documents submitted to regulators show that Musk holds over 0.411 billion shares of Tesla stock and about 0.304 billion performance-based Options. Tesla stocks and Options account for about three-quarters of his personal wealth. He also holds significant stakes in SpaceX, the Social Media platform X, and the AI startup xAI.

According to Bloomberg, a recent sale of shares by insiders at SpaceX has increased Musk's net worth by approximately $50 billion, bringing it to $439.2 billion. On Wednesday, SpaceX and its investors agreed to buy $1.25 billion worth of company stock from insiders such as employees, raising SpaceX's valuation to about $350 billion, making it the most valuable private startup in the Global market.