Tesla stock soars as analysts predict new era following Trump's election win
qz.com —
Tesla's stock surged nearly 40% last week, reaching a valuation of $1 trillion, following Donald Trump's election win. Analyst Dan Ives raised the stock's price target from $300 to $400, citing a favorable regulatory environment for Tesla's autonomous vehicle plans. Elon Musk's close ties with Trump include leading a new commission aimed at government efficiency. Musk plans to advocate for streamlined regulations on driverless vehicles, which could benefit Tesla's market position. Despite potential cuts to electric vehicle incentives, analysts believe Tesla will thrive due to its market dominance. Musk's influence may also help the company navigate tariff negotiations with China, where Tesla has significant operations.