The Target Price has been raised to 515 dollars.
Tesla surged 6.14% on Monday, closing at $463.02, setting a new historical high, with a total market cap of $1.49 trillion.
Since the beginning of this year, Tesla's stock price has risen over 86%, with almost all of the increase coming after Trump won the election early last month.
With Tesla's stock price soaring, Musk's net worth increased by $19.2 billion overnight. According to the Bloomberg Billionaires Index, as of Monday's close, Musk's net worth reached $474 billion, having skyrocketed by $245 billion year-to-date.
Recently, Dan Ives, an analyst at the CSI All Share Investment Banking & firm, raised the Target Price for Tesla from $400 to $515, making it the highest Target Price on Wall Street. He also provided a Target Price of $650 under an "optimistic scenario", which would bring Tesla's market cap to approximately $2.1 trillion.
According to foreign media reports, Trump's transition team plans to cancel the consumer tax credits for electric vehicle purchases, impose import taxes on all battery materials globally, and withdraw Biden's support for electric vehicles and charging infrastructure.
Musk stated that the cancellation of subsidies will impact competitors more than Tesla, as he believes Tesla already holds a dominant position in the market. Additionally, Tesla has recently raised prices on some models.
Mizuho: Tesla will ride on Trump's coattails in the next four years.
Mizuho Bank stated in a recent report that Tesla's insane rise is unlikely to cool down soon, as loosening regulations will promote the Self-Driving Cars business of this electric vehicle manufacturer, and CEO Musk's close relationship with newly elected President Donald Trump will pave the way for further growth over the next four years.
Mizuho Analysts stated in the report, "The relaxation of the Self-Driving (AD) regulatory framework provides more upside potential for the valuation of FSD/Robotaxi," indicating a favorable expansion environment for Tesla in the field of Self-Driving technology.
Mizuho upgraded Tesla's rating to Outperform the Large Cap and raised its Target Price from $230 to $515, noting several special bullish factors that Tesla will face over the next four years.
Analysts stated that Tesla's Full Self-Driving (FSD) technology could receive Level 4 regulatory approval before 2025. They added that this would significantly increase its revenue potential, generating about $62 billion by 2030, a substantial increase from currently less than $1 billion.
Musk strongly supported Trump during the election campaign and is expected to exert influence in the White House, which will benefit Tesla.
Analysts stated that the new policies of the Trump administration, including the potential elimination of the Consumer Electric Vehicle tax credit, place Tesla at an advantageous position relative to its peers due to its lower electric vehicle cost structure.
They added that with a more profitable electric vehicle roadmap, Tesla is expected to surpass Global light vehicle production, especially with models like the low-cost Model Q and Cybercab expected to launch between 2026 and 2027.
Wall Street has raised its Target Price.
Currently, Wall Street's outlook on Tesla is becoming increasingly optimistic.
In the past few days, Institutions such as Goldman Sachs, Deutsche Bank, Bank of America, and Morgan Stanley have raised their Target Prices for Tesla, citing the close relationship between Musk and the Trump administration, as well as Tesla's leading position in the Self-Driving Cars field.
Among them, Morgan Stanley reaffirmed its "Preferred" rating on Tesla in its latest report and raised its Target Price from $310 to $400; Goldman Sachs noted that the market is focused on Tesla's future potential, especially its opportunities in AI, particularly its fully autonomous (FSD) Software and the self-driving taxi Cybercab.
Additionally, analysts from CSI All Share Investment Banking & are even more optimistic.
On Sunday, Dan Ives, an analyst at CSI All Share Investment Banking &, raised Tesla's Target Price from $400 to $515, becoming the highest Target Price on Wall Street. He also provided a Target Price of $650 under an "optimistic scenario," which would bring Tesla's Market Cap to about $2.1 trillion, while the new Target Price corresponds to a Market Cap of approximately $1.7 trillion.
