Wedbush raises Tesla's Target Price to $550, with a bull market Target Price of $650.
Analyst Dan Ives from Wedbush Securities has raised Tesla's Target Price to $550, indicating increasing confidence in demand for the electric vehicle manufacturer and its autonomous driving potential following the new Trump administration. Ives described this emerging landscape as the "Gold era" for Tesla and its CEO Elon Musk. This Target Price increase coincides with Tesla facing complex market dynamics, including challenges in vehicle deliveries and potential policy changes. In 2024, Tesla's delivery volume in the USA decreased by 5.6% to 633,762 vehicles, yet the company remains the leading electric vehicle manufacturer in the nation.
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