This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
After last week’s decisive presidential election in the US, and the critical role played by Elon Musk in bringing about a favorable outcome for Trump, Wall Street analysts continue to mull the short- and medium-term implications for Tesla shares in a Trump-led administration.
For instance, last week, BofA analysts admitted in a dedicated investment note that Tesla might see potential upside going forward vis-à-vis “the federal regulation of autonomous vehicles and FSD, which aligns with Elon Musk’s push for a national standard for self-driving,” adding:
“The Trump administration’s approach could create a more favorable regulatory landscape, potentially accelerating Tesla’s Robotaxi deployment in 2025 by easing state-by-state regulatory burdens.”
BofA analysts also believe that Tesla might benefit from relaxed emissions standards in the Trump administration 2.0 and stringent restrictions on China-made EVs, which should push back the aggressive electrification plans of legacy automakers in the US, thereby allowing Tesla the “room to expand its market share.”
We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a gamechanger for the autonomous and AI story for Tesla and Musk over the coming years. We estimate the AI/autonomous opportunity is worth $1 trillion alone for Tesla🔥🏆🐂
— Dan Ives (@DivesTech) November 11,…
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