Tesla Stock Hits New All-Time High as Wedbush Boosts Price Target Again

Group 1 - Wedbush raised its price target for Tesla stock to $515 from $400, with a potential target of $650 by the end of next year, driven by expectations of support from the new Trump administration for Tesla's self-driving and AI initiatives [1][2] - Analysts believe the Trump administration will significantly enhance Tesla's autonomous and AI capabilities, estimating the full self-driving (FSD) and AI opportunity to be worth at least $1 trillion [2] - Tesla's market cap could reach $2 trillion by the end of 2025 as the self-driving vision develops and EV deliveries in China are expected to increase [2] Group 2 - Tesla shares recently reached an all-time high, trading at $440.67 after hitting a record of $447.41, reflecting a year-to-date increase of over 75% [2] - Wedbush maintains an "outperform" rating on Tesla stock, indicating positive sentiment towards the company's future performance [2]