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Tesla Stock Continues Soaring on Optimism About CEO Elon Musk's Trump Ties
TSLATesla(TSLA) Investopedia·2024-11-08 19:30

KEY TAKEAWAYSTesla shares soared again Friday, capping a big week for the EV maker as Wall Street analysts bet that Elon Musk’s company will benefit from Donald Trump’s return to the White House.The stock was up more than 9% in afternoon trading, pushing the gain for the week to 30% and boosting Tesla's market capitalization above $1 trillion.Bank of America analysts Thursday raised their price target for Tesla to $350, citing the potential for lighter EV regulation, while Wedbush reiterated its outperform ...