{"id":123712,"date":"2024-11-09T04:16:03","date_gmt":"2024-11-08T21:16:03","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=123712"},"modified":"2024-11-09T04:16:03","modified_gmt":"2024-11-08T21:16:03","slug":"tesla-stock-continues-soaring-on-optimism-about-ceo-elon-musks-trump-ties","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=123712","title":{"rendered":"Tesla Stock Continues Soaring on Optimism About CEO Elon Musk&#8217;s Trump Ties"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"mntl-sc-page_1-0\" data-sc-sticky-offset=\"80\" data-sc-ad-label-height=\"0\" data-sc-ad-track-spacing=\"90\" data-sc-min-track-height=\"250\" data-sc-max-track-height=\"600\" data-sc-breakpoint=\"50em\" data-sc-load-immediate=\"1\" data-sc-content-positions=\"[300, 1, 1, 1250, 1, 1, 1, 1]\" data-bind-scroll-on-start=\"true\">\n<div id=\"mntl-sc-block_1-0\" class=\"comp mntl-sc-block finance-sc-block-callout mntl-block\">\n<div id=\"mntl-sc-block_2-0\" class=\"comp mntl-sc-block mntl-sc-block-callout mntl-block theme-whatyouneedtoknow\" data-tracking-id=\"mntl-sc-block-callout\" data-tracking-container=\"true\">\n<h3 id=\"mntl-sc-block-callout-heading_1-0\" class=\"comp mntl-sc-block-callout-heading mntl-text-block\">KEY TAKEAWAYS<\/h3>\n<div id=\"mntl-sc-block-callout-body_1-0\" class=\"comp mntl-sc-block-callout-body mntl-text-block\">\n<ul>\n<li>Tesla shares soared again Friday, capping a big week for the EV maker as Wall Street analysts bet that Elon Musk\u2019s company will benefit from Donald Trump\u2019s return to the White House.<\/li>\n<li>The stock was up more than 9% in afternoon trading, pushing the gain for the week to 30% and boosting Tesla&#8217;s market capitalization above $1 trillion.<\/li>\n<li>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 rating.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p id=\"mntl-sc-block_3-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Tesla (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=TSLA\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">TSLA<\/a>) shares surged again Friday, capping a big week for the electric vehicle maker as Wall Street analysts bet that Elon Musk\u2019s company will <a href=\"https:\/\/www.investopedia.com\/tesla-jumps-as-musk-seen-winning-under-trump-presidency-8740434\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">benefit<\/a> from Donald Trump\u2019s return to the White House.\n<\/p>\n<p id=\"mntl-sc-block_5-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Shares of Tesla were up more than 9% Friday afternoon to around $325, breaking the $300 level for the first time since 2022 and boosting the company&#8217;s market capitalization above $1 trillion. The stock has gained 30% this week.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-bofa-analysts-raise-tesla-price-target\"\/><\/p>\n<h2 id=\"mntl-sc-block_7-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> BofA Analysts Raise Tesla Price Target <\/span> <\/h2>\n<p id=\"mntl-sc-block_8-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Analysts, already largely bullish on Tesla, turned even more positive. Bank of America analysts Thursday raised their price target for Tesla to $350 from $265, citing the potential for lighter-touch regulation under the Trump administration that could boost the growth prospects of the company\u2019s robotaxi.<span class=\"ql-inline-citation\" data-cite=\"1\"\/>\n<\/p>\n<p id=\"mntl-sc-block_10-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The Trump administration&#8217;s support for Musk&#8217;s proposed national standard for selfdriving vehicles would also make it easier for the company to <a href=\"https:\/\/www.investopedia.com\/tesla-unveils-its-highly-anticipated-robotaxi-what-you-need-to-know-8726872\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">roll out the robotaxis<\/a> planned for next year, they wrote.\n<\/p>\n<p id=\"mntl-sc-block_12-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> On top of that, Musk&#8217;s ties with Trump could help stave off competition, as the president-elect&#8217;s expected plans to ease environmental regulations slow rival automakers&#8217; EV ramp-ups while higher tariffs aimed at China hold off cheaper Chinese imports.\n<\/p>\n<p id=\"mntl-sc-block_14-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> \u201cIt is difficult to judge how Elon Musk&#8217;s increasingly close public relationship with President Trump could benefit Tesla, but this needs to be monitored closely,\u201d the analysts wrote.<\/p>\n<p><span class=\"heading-toc\" id=\"toc-wedbush-trump-presidency-huge-positive-for-telsa\"\/><\/p>\n<h2 id=\"mntl-sc-block_16-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Wedbush: Trump Presidency &#8216;Huge Positive&#8217; for Telsa <\/span> <\/h2>\n<p id=\"mntl-sc-block_17-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Wedbush analysts, led by Dan Ives, reiterated their outperform rating and $300 price target on Tesla, noting that the company&#8217;s scale would give it a clear edge if Trump, as he&#8217;s indicated, scraps the Biden administration&#8217;s EV subsidies and rebates.<span class=\"ql-inline-citation\" data-cite=\"3\"\/>\n<\/p>\n<p id=\"mntl-sc-block_19-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> \u201cWe believe a Trump presidency would be an overall negative for the EV industry as likely the EV rebates\/tax incentives get pulled, however for Tesla we see this as a huge positive,\u201d Wedbush wrote.\n<\/p>\n<p><span class=\"heading-toc\" id=\"toc-teslas-ev-rivals-under-pressure\"\/><\/p>\n<h2 id=\"mntl-sc-block_21-0\" class=\"comp mntl-sc-block finance-sc-block-heading mntl-sc-block-heading\"> <span class=\"mntl-sc-block-heading__text\"> Tesla&#8217;s EV Rivals Under Pressure <\/span> <\/h2>\n<p id=\"mntl-sc-block_22-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> The bullish calls on Tesla come as shares of EV rivals such as Rivian Automotive (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=RIVN\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"1\">RIVN<\/a>) and Polestar (<a href=\"https:\/\/www.investopedia.com\/markets\/quote?tvwidgetsymbol=PSNY\" data-component=\"link\" data-source=\"inlineLink\" data-type=\"internalLink\" data-ordinal=\"2\">PSNY<\/a>) face pressure on investor fears that Trump could unwind EV incentives.\u00a0\n<\/p>\n<p id=\"mntl-sc-block_24-0\" class=\"comp mntl-sc-block finance-sc-block-html mntl-sc-block-html\"> Rivian said late Thursday that it is on the path to posting a gross profit by the end of the year, and lowered its projection for vehicle production this year to between 47,000 and 49,000 vehicles for the year, from 57,000 previously, due to a parts shortage.<span class=\"ql-inline-citation\" data-cite=\"4\"\/><span class=\"ql-inline-citation\" data-cite=\"5\"\/><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.investopedia.com\/tesla-stock-continues-soaring-optimism-ceo-elon-musk-trump-ties-8742189\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KEY TAKEAWAYS Tesla shares soared again Friday, capping a big week for the EV maker as Wall Street analysts bet that Elon Musk\u2019s company will benefit from Donald Trump\u2019s return &hellip; 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