Tesla (TSLA) PT Raised to $550 at Wedbush as 'next 4 years will be a "total game changer" for the autonomous and AI story'

Wedbush analyst Daniel Ives raised the price target on Tesla (NASDAQ: TSLA) to $550.00 (from $515.00) while maintaining a Outperform rating.

The analyst commented: "We are raising our price target on Tesla from $515 to $550 as we have growing confidence in the demand delivery story for 2025 along with a fast tracking of the autonomous future under the Trump Administration. Our time spent speaking to many in the Beltway the last few weeks give us a growing confidence the Trump White House the next 4 years will be a "total game changer" for the autonomous and AI story for Tesla and Musk over the coming years. Our bull case remains $650 for 2025. We maintain our OUTPERFORM."

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