Tesla's stock has experienced a notable surge, reaching a new all-time high following a significant price target increase from Wedbush. The investment firm raised its target for Tesla to $515, with a bullish outlook projecting a potential $650 next year. This optimism is fueled by expectations of favorable policies under the incoming Trump administration, which could benefit Tesla's autonomous driving and AI initiatives. Analysts at Wedbush estimate the potential value of Tesla's full self-driving and AI developments at over $1 trillion, anticipating that regulatory barriers will diminish, allowing for accelerated progress in these areas. The firm also predicts Tesla could achieve a $2 trillion market cap by the end of 2025, driven by advancements in autonomous technology and strong EV delivery growth in China.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) saw a significant decline, dropping 10.59% to $2.11 at 2:00 PM on Monday, December 16.