Tesla's stock is gaining momentum following an upgrade from Mizuho, which elevated its rating to Outperform and increased the price target to $515. This upgrade is attributed to a more favorable regulatory environment anticipated under the Trump administration, which could benefit Tesla's autonomous vehicle technology. The potential for Tesla's autonomy software to achieve broader commercialization, coupled with the possible repeal of consumer EV tax credits, is seen as advantageous for Tesla due to its competitive EV cost structure. The market's positive response is further bolstered by expectations of regulatory approval for Tesla's full self-driving technology by 2025, which could significantly enhance its revenue streams.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) experienced a sharp decline, dropping 15.68% to $1.99 as of 8:00 AM on Tuesday, December 17.