Tesla continues to set records

Tesla shares rose to record highs again this week as investors continue to believe the Electric vehicle manufacturer a big one Beneficiary one Trump presidency would be. The well-known analyst Dan Ives from the financial house Wedbush increased his Price target for the next year by 29 percent from 400 515 Dollar. “But that only applies if everything happens as he expects,” reports MarketWatch. The course is currently available 450 Dollar.

Ives believes that Donald Trump’s presidency is a… “absolute turning point” for Tesla’s artificial intelligence and the development of fully autonomous driving, as well as for CEO Elon Musk.

If the tailwind from Trump comes stronger or faster than expected, Ives even accepts it “Bull scenario”in which the share will rise until 2025 650 Dollar could rise, which would mean a potential of 49 percent compared to Friday’s closing price. He also sees the launch of the Cybercab robotaxi business, currently planned for early 2026, as the “golden egg” for Tesla. Ives said those plans could be brought forward to next year under a Trump administration.

A price target of $650 would increase Tesla’s market cap to $2.1 trillion at the current number of shares, compared to its current value of $1.47 trillion.

“We estimate that the AI ​​and autonomous driving opportunity for Tesla is worth at least $1 trillion. We fully expect these key initiatives to be significantly accelerated under a Trump administration given the regulatory net that Musk and Co. have been using around them in recent years autonomous driving “We have faced will be significantly relaxed in a new Trump era,” Ives noted.

There are already signs of what a Trump presidency will be like FSD (Full Self Driving) could give a boost. As Reuters reported over the weekend, Trump’s transition team is pushing to eliminate crash data for automated vehicles, which should please Musk.

The stock has risen 82.6 percent since Trump’s election victory on November 5, surpassing Tesla’s Market capitalization increased by $658.5 billion.

Part of Ives’ optimistic scenario for Tesla is based on the strong Demand from Chinawhich could be at risk if Trump’s proposed tariffs on imports from China Trade war trigger.

However, Ives expects some for Tesla Exceptions be made by customs duties. It’s fitting that a Kelley Blue Book report on Monday, citing research from American University, showed that Tesla makes the most “American” cars.

As investors continue to push Tesla’s shares to new highs – up 101.3 percent over the past three months, outperforming all S&P 500 components in that time – it’s worth noting that Ives not the majority heard on Wall Street. Of the 57 analysts surveyed by FactSet who rate Tesla, only 25 are bullish, while 14 are skeptical and 18 are neutral.

His price target of $515 is about 82 percent above that average analyst price target of $283.62, indicating a pullback potential of around 38 percent from current levels.