According to Zhizhong Finance APP, on Wednesday, Tesla (TSLA.US) stock price reached a historic intraday high, marking the sixth consecutive trading day of increase, with investors expecting the stock price to set a new closing record.

On Wednesday, Tesla's stock price peaked at $424.88 intraday, exceeding the previous high of $414.5 set on November 4, 2021. According to Dow Jones market data, Tesla's previous closing record was $409.97, also achieved on November 4, 2021.

Part of the reason for the market's rise is that the inflation data for November met economists' expectations. The data showed a year-on-year price increase of 2.7%, which may allow the Federal Reserve to maintain its interest rate reduction path next week.

As of Wednesday, Tesla's stock price has risen approximately 67% this year, and has increased about 65% since the election on November 5, nearing historical highs.

The market expects that the relationship between Tesla CEO Elon Musk and elected President Donald Trump will bring Bullish prospects for the company, and this expectation has driven the stock price upward. The sustained rise in stock price has also prompted Analysts to raise the Target Price, creating a 'virtuous cycle.'

This cycle was evident again on Wednesday. Goldman Sachs Analyst Mark Delaney raised Tesla's Target Price from $250 to $345, despite lowering the company's earnings forecast due to a slowdown in electric vehicle growth. However, he noted that investors are more focused on Tesla's AI opportunities. Tesla is using AI technology to train its Autos for autonomous driving and plans to launch its autonomous taxi service by the end of 2025.

Delaney rates Tesla as "Hold," with a Target Price below the current stock price. In fact, Tesla's stock price has far exceeded the generally accepted Target Price set by Analysts. According to FactSet data, the average Target Price from Analysts is $271, while Tesla's current stock price is over 50% higher than this Target Price.

Although a stock price exceeding the Target Price may raise concerns, it is not uncommon for Tesla. Over the past five years, Tesla's stock price has been above the average Target Price set by Analysts for half of that time, while during the same period, Apple's stock price has only been above the Target Price approximately 15% of the time.

Historically, the divergence between Analysts and investors was even more significant, especially in 2020. That year, Tesla's stock price skyrocketed over 740%, and Wall Street failed to keep pace with this growth. Currently, only one large American Brokerage, Stifel Nicolaus, has Analyst Stephen Gengaro giving a Target Price above $400 ($411) and assigning a "Buy" rating to Tesla.

If Tesla's stock price continues to rise, more Analysts may raise the Target Price to above $400. The strong performance of Tesla's stock reflects the market's confidence in its future, especially in the field of autonomous driving and AI technology. As market enthusiasm continues to soar, whether Tesla can maintain this growth trend will become a focal point of attention moving forward.