Tesla Stock Has Soared 28% This Month. Here's Why This Analyst Sees Shares Hitting Record Highs

Group 1 - Tesla is trading at its highest level since January, with an analyst raising the stock price target to $500, indicating a 17% upside potential [1] - CEO Elon Musk was seen speaking with President Donald Trump over the weekend, which may have implications for Tesla's market perception [1] - The Dow Jones index dropped ahead of key inflation data, while Tesla's stock rallied, showcasing a divergence in performance between the broader market and Tesla [1][2] Group 2 - Tesla's 'Robotaxis' service has been cleared to expand into Arizona, indicating growth in its autonomous vehicle segment [4] - The stock market is experiencing rallies to new highs, influenced by factors such as Fed rate cuts and positive news surrounding companies like Nvidia, with Tesla also benefiting from this trend [4] - Tesla has settled two more lawsuits related to its Autopilot feature, although investors appear to be unfazed by these legal challenges [4]