Tesla: Wedbush Securities raises TP

(CercleFinance.com) - Wedbush Securities announced on Monday that it had raised its target price for Tesla shares from $300 to $400, in view of Donald Trump's forthcoming return to the White House.


The US broker, which maintains its 'outperform' rating on the stock, believes that the Republican candidate's arrival in power will be a 'game-changer', giving a boost to the development of AI and autonomous driving via the sector's deregulation.

According to its calculations, for Tesla alone, both these elements could represent, a windfall of around $1,000bn over the coming years.

With this prospect, it points out in its study that Tesla's market cap could reach $1,500bn, or even 2 trillion dollars within the next 12 to 18 months, compared with around 1 trillion at present.


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