这家电动车制造商的股价上涨了3.5%，收于357.09美元，而标准普尔500指数上涨了0.2%，道琼斯工业平均指数下跌了0.3%。Tesla's stock price sees a leap, with analyst Stifel significantly raising the target price to $411, and market sentiment is high!
On Sunday, Stifel analyst Stephen Gengaro raised the target price for Tesla (TSLA.O) stocks from $287 to $411 and maintained a 'buy' rating.
Tesla's stock price opened higher at the beginning of the new week, influenced by two factors regarding autonomous vehicles.
The electric vehicle manufacturer's stock rose by 3.5%, closing at $357.09, while the s&p 500 index increased by 0.2% and the dow jones industrial average fell by 0.3%.
According to dow jones market data, Tesla's closing price was a new 52-week high and the highest closing price since April 2022.
Tesla is gaining momentum from several angles. Firstly, there is support from Wall Street. On Sunday, Stifel analyst Stephen Gengaro raised Tesla's target price to $411 and maintained a 'buy' rating.
'We believe that buying Tesla stocks requires vision and patience and a willingness to accept volatility,' wrote Gengaro. He is not wrong; Tesla's stock price has always been highly volatile. As Monday's trading began, the stock price had risen about 37% since the election on November 5, nearly accounting for all the gains this year.
This move comes as 2025 earnings expectations remain unchanged. Investors are betting that the close relationship between CEO Elon Musk and elected President Donald Trump will benefit the electric vehicle manufacturer. One possible way is if a federal standard is implemented to regulate the use of autonomous vehicles, which would facilitate the introduction of robotic taxi services. Tesla plans to launch its autonomous robotic taxi service by the end of 2025.
Although there is confidence in Tesla's auto business, its AI-based full self-driving capability and the immense value creation potential of Cybercab support a positive outlook for the company's prospects, Gengaro stated.
According to FactSet data, his target price has now become the highest on Wall Street, with Tesla stocks valued at approximately 1.3 trillion dollars.
In addition to Gengaro's upgrade, Roth analyst Craig Irwin raised the rating of Tesla stocks from "hold" to "buy," and increased the target price from 85 dollars to 380 dollars. The difference of 295 dollars represents a market value of about 950 billion dollars.
Irwin wrote in a report on Monday, "The world has changed." He believes that the relationship between Musk and Trump, along with AI computing, will bring a new wave of growth.
"Musk's sincere support for Trump might double Tesla's fan base," Irwin stated. "CyberTaxi is now facing a favorable regulatory environment. Tesla's main AI task is [self-driving], a smarter co-pilot designed to handle more chaos than other products and support humanoid robot plans."
With the rating upgrades, 42% of analysts rate Tesla stocks as "buy." The average buy rating ratio for stocks in the s&p 500 index is about 55%. The average analyst target price for Tesla stocks is approximately 248 dollars.
As Wall Street sentiment improves, Tesla Vice President Ashok Elluswamy posted on the X platform last Saturday evening that Tesla's highest level driving assistance software version 13 (called Full Self-Driving, FSD) is being rolled out to customers.
Most users who pay 99 dollars a month for the FSD software are still using an FSD version that starts with the digit 12.
The new version "upgraded the entire end-to-end driving network," part of the release notes stated. Elluswamy's post prompted a response from Musk: "It's alive!"
Musk stated in November that by early 2025, FSD should outperform human drivers, and the company plans to launch robotic taxi services later in 2025.
Tesla utilizes AI computing to train autos for autonomous driving. Analyst Dan Ives from Wedbush values the company's opportunities in AI and autonomous autos at 1 trillion dollars.
He gave Tesla stocks a "buy" rating with a target price of 400 dollars. This is currently the second highest target price for Tesla stocks, according to FactSet data.
Ultimately, Tesla bulls hope the stock price will break the current record closing price of 409.97 dollars, set on November 4, 2021. Tesla's record intraday high was 414.50 dollars, also set on the same day.