In the past week, $Tesla (TSLA.US)$ the stocks soared, multiple Wall Street major institutions have raised their Target Prices, and Tesla's stock price hit a historical high for the first time in three years. CEO Musk's wealth further increased, setting a new record for the highest personal Assets of the world's richest person.

On Wednesday, December 11 Eastern Time, Tesla's stock price accelerated upwards during the midday session, briefly reaching $424.88 at the end of trading, an intraday increase of about 6%, creating a new intraday historical high, and finally closing up over 5.9%, marking six consecutive days of gains, breaking the closing record set on November 4, 2021.

高盛将目标价上调38%，长期看空分析师Irwin上调347%  

Wall Street insights noted that before Tesla continued to rise on Wednesday, Goldman Sachs Analyst Mark Delaney had just raised Tesla's Target Price from $250 to $345, an increase of 38%, while maintaining a neutral rating on Tesla. Although Delaney's new Target Price is still significantly lower than Tesla's closing price of over $400 on Tuesday, his report, like those from other Institutions, is Bullish about the positive effect of autonomous driving and Siasun Robot&Automation technology applications on Tesla's stock price.

In the latest report, Delaney stated that Goldman Sachs believes Tesla is a leader in the platform and power fields, as well as in the broader clean transportation sector (including electric vehicles, energy storage, Software, and charging). At the same time, Goldman Sachs believes that Tesla will face resistance in its core Autos business in the short to medium term, influenced by slowing growth in global electric vehicle demand and pricing pressures.

Analysts at Goldman Sachs, including Delaney, believe that given the increasing market interest in potential AI beneficiaries, Tesla's stock may still maintain a high PE ratio, reflecting long-term opportunities related to Tesla's FSD autonomous driving technology or Siasun Robot&Automation.

In the week before Goldman Sachs, other Wall Street Institutions also raised Tesla's Target Price simultaneously. Morgan Stanley raised its Target Price from $310 by 29% to $400, maintaining an overweight rating, while Cantor Fitzgerald increased its Target Price significantly by 43% to $365, maintaining a neutral rating. Morgan Stanley's Analyst listed Tesla as their top pick, stating that strong sales momentum will help Tesla set new records in China in the fourth quarter.

Last week, Bank of America’s Analyst John Murph became more bullish on the stock price after visiting Tesla's Gigafactory in Austin, Texas, raising the Target Price by 14.3% to $400, which is at the high end of Wall Street analysts' expectations. Murph expressed confidence in Tesla's growth prospects for next year and beyond, noting that Tesla's autonomous driving and robotics Business will lead growth, with significant progress in FSD, increasing adoption rates, and accelerating development of Optimus, resulting in new models expanding the Total Addressable Market (TAM) next year.

Also last week, long-time Tesla bear Roth MKM Analyst Craig Irwin reversed his stance, upgrading the rating from neutral to Buy and imposing a strong Target Price increase of 347%, raising it from $85 to $380. Irwin stated that he did not find many negative catalysts for Tesla; on the contrary, there are many positive catalysts, and the current trend is upward, not downward. He also mentioned that Tesla's stock price is reacting to the Trump effect.

Musk set a new record for personal Assets as the world's richest.

As Tesla's stock price rises, Musk's personal wealth expands further. On Wednesday afternoon, the Bloomberg Billionaires Index showed Musk's net worth exceeded $400 billion, making him the first person in the world to surpass the $400 billion mark, setting a new record for personal Assets as the world's richest.

As a major contributor to Trump's presidential election victory, Musk's companies saw generally skyrocketing valuations after the election. Since the election day ended on November 5, as of Wednesday's close, Tesla stock price has cumulatively risen about 69%.

Analysts value Musk for his potential influence on future U.S. government decisions due to his close relationship with Trump. Musk stated during the October earnings call for Tesla's third quarter that he intends to leverage his influence over Trump to establish a "federal approval process for autonomous vehicles." Currently, approvals are completed at the state level.

On the first day after the election, November 6, Musk's die-hard supporter and investment banker Wedbush Analyst Dan Ives bluntly expressed his optimism about Musk and Tesla, stating that "the biggest beneficiary of Trump's victory will be Tesla/Musk."

At the same time, Wedbush's Analyst raised Tesla's Target Price from $300 to $400, stating that this is due to the belief that "Trump's presidency will change the narrative of Tesla and Musk's autonomous driving and AI story in the coming years."

Documents submitted to regulatory authorities show that Musk holds over 0.411 billion shares of Tesla Stocks and about 0.304 billion performance-based Options. Tesla Stocks and Options account for approximately three-quarters of his personal wealth. He also holds substantial shares in SpaceX, the Social Media platform X, and the AI startup xAI.

According to Bloomberg, the recent sale of shares by SpaceX insiders alone increased Musk's net worth by around $50 billion to reach $439.2 billion. This Wednesday, SpaceX and its investors agreed to purchase $1.25 billion worth of company stock from internal company insiders like employees, thus valuing SpaceX at approximately $350 billion, making it the highest-valued private startup in the Global market.

昨夜，持有SpaceX股份的 $Destiny Tech100 (DXYZ.US)$ 盘中一度涨近25%。

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Editor/Rocky