Tesla Stock Soars Amid Self-Driving Advances and Trump Speculation
Roth MKM has upgraded Tesla's stock to 'Buy' from 'Neutral', citing Elon Musk's support for Donald Trump as a catalyst for increased demand and credibility. The brokerage raised Tesla's price target to $380, suggesting a 10% upside, and noted that the potential end of the Biden EV tax credit could benefit Tesla by reducing competition. Roth MKM also highlighted Tesla's robotics program and AI investments as key value drivers. Tesla's stock rose 2.07% premarket to $352.31.