$Tesla (TSLA.US)$ The road of soaring continues.

Since the dust settled on the USA elections on November 5, Tesla's stock price has risen by more than 65%. Today, after the opening of the US stock market, Tesla briefly rose over 3%, surpassing the peak of $414.49 in November 2021, reaching a high of $415, setting a new historical record.

Currently, Wall Street is overwhelmingly bullish, with the highest target price reaching $450, indicating that Tesla is expected to rise another 12%.

On the news front, in addition to the stimulus from the U.S. election, Deutsche Bank recently held an investor meeting with Tesla's head of investor relations, Travis Axelrod. After the meeting, Deutsche Bank raised Tesla's target price from $295 to $370, mainly reflecting a higher valuation for Tesla's efforts in autonomous driving. Among them,

Tesla plans to launch a new model named 'Model Q' in the first half of 2025, with a post-subsidy price of less than $0.03 million, which means that if the U.S. electric vehicle tax credit policy is canceled, the price would be $37,499. In the second half of 2025, Tesla also plans to launch other new models to expand its potential market size. It is speculated that one of them could be a three-row long-wheelbase Model Y variant launched in China.

In addition, Tesla has reiterated that the sales growth target for 2025 is 20-30%, which is based on maximizing the utilization of existing production capacity.

Deutsche Bank also stated that Tesla plans to initially launch its Robotaxi service next year in California and Texas.

CFRA has significantly raised its Target Price for Tesla from the previous $375 to $450. This adjustment reflects the firm’s optimistic attitude toward Tesla's future, especially in the field of autonomous driving technology. CFRA's analysis indicates that

these ongoing improvements in Tesla's autonomous driving technology may accelerate the process of obtaining federal autonomous driving permits under the new government. The transition team of President-elect Trump has stated that establishing a federal framework for fully autonomous vehicles is a high priority for the Department of Transportation.

Coincidentally, Bank of America recently raised Tesla's 12-month Target Price significantly from $350 to $400 and maintained a Buy rating, with this optimism stemming from the investment bank's new focus on Tesla's Siasun Robot&Automation and AI.

Bank of America Analyst John Murph stated that there is confidence in Tesla's growth prospects beyond 2025, with autonomous driving and robot business leading the growth, significant progress in FSD, increasing adoption rates, and accelerated development of Optimus, while next year’s new models will expand the accessible total addressable market (TAM).

Dan Ives, an analyst at Wall Street investment firm Wedbush Securities, believes that Trump's election victory will 'revolutionize' Tesla's autonomous driving and AI business, raising Tesla's Target Price from $300 to $400.

In Ives' view, the U.S. federal government's approval process for Tesla's Full Self-Driving (FSD) and Robotaxi driverless taxi may undergo significant acceleration in the future.

Additionally, Tesla China announced Wednesday that sales data showed Tesla sold up to 0.0219 million electric vehicles in the first week of December in the Chinese market, setting the highest weekly car sales since the beginning of the fourth quarter of 2024.

However, amidst the bullish voices on Wall Street, UBS Group poured cold water on Tesla. Analysts such as Joseph Spak from UBS Group pointed out that despite the significant rise in Tesla's stock, the main driving force behind it is the market's 'animal spirit' rather than the growth of the business itself, and Tesla may not be able to fully leverage policy advantages in the short term.

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Editor/Somer