Tesla's Post-Election Surge: New Highs Amid Trump Trade Winds

Tesla's stock has been buoyed by expectations of a favorable regulatory environment under the Trump administration, despite a recent drop. Wedbush analyst Daniel Ives raised Tesla's price target to $400, citing potential benefits from accelerated autonomous vehicle timelines and reduced competition due to possible removal of EV subsidies and increased tariffs on Chinese imports. However, potential trade tensions with China pose risks. The stock remains a Hold consensus among analysts, with some viewing it as overvalued.