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Tesla's Path To $400: Bank Of America Highlights EV, AI Growth
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World's richest man Musk is now the largest political donor in the usa, which has allowed him to enter Trump's inner circle.
Elon Musk contributed at least 0.274 billion dollars to political groups in 2024, making himself the most generous donor in this election cycle by heavily spending to help Donald Trump win the presidency. According to donor data tracked by OpenSecrets, Musk's total donations far exceed the second-largest donor, investor Timothy Mellon, who donated 0.197 billion dollars, mostly to the Republican Party. Most of Musk's contributions are focused on the presidential campaign. According to the latest filings submitted to the Federal Election Commission, he donated to his own American political action committee (
After a visit to the Austin factory, Bank of America set a target price of $400 for Tesla.
Bank of America analyst John Murph expressed confidence in Tesla's growth prospects for 2025 and beyond, stating that autonomous driving and siasun robot&automation business will lead the growth. Significant progress has been made with FSD, adoption rates are increasing, and the development of Optimus is expected to accelerate, with new models next year set to expand the total addressable market (TAM).