Tesla $400 price target after trump Tesla $400 price target after trump

Wedbush Raises Tesla Price Target to $400 After Trump Victory

  • Tesla: Credit: Michael Halberstadt | Flickr

Wedbush Securities has announced that it has raised its price target for Tesla stock from $300 to $400.

Wedbush analysts believe that Trump’s continued presidency could be a game-changer for the electric vehicle maker.

According to Wedbush’s senior equity analyst Dan Ives, the firm is particularly optimistic about Tesla’s autonomous driving and AI capabilities under a second Trump administration.

Ives noted that while a Trump presidency may be generally negative for the broader electric vehicle sector, it could prove beneficial for Tesla specifically.

In fact, Wedbush forecasts that Tesla’s market capitalization could climb as high as $1.5 trillion – up from its current level of over $1 trillion, which was reached just days after Trump’s election victory in early November 2024.

Wedbush’s bullish stance on Tesla is shared by other prominent firms, such as ARK Invest.

ARK believes that Tesla’s robotaxi ride-hailing services could be a major contributor to the company’s future enterprise value and earnings.

The increased institutional optimism around Tesla is reflected in the latest data, which shows that institutional investors have steadily grown their TSLA holdings throughout 2024, and now own approximately 66.2% of the company’s stock.

While the broader electric vehicle industry may face headwinds under a second Trump presidency, Tesla appears poised to capitalize on the administration’s potential focus on autonomous technology and AI.

Wedbush’s significantly raised price target underscores the firm’s confidence in Tesla’s ability to thrive in the years ahead.

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