Elon Musk's influence is unprecedented, Tesla rises nearly 9% again, and most bulls raise their target price by 25%

Since Trump won the U.S. presidential election, Tesla, under the "number one contributor" Elon Musk, has been rising every trading day. On Monday, Tesla's stock price closed up nearly 9%, ending at $350, with an intraday high of $358.64. Tesla recorded its largest five-day cumulative increase in the past four years.Previously, on Friday, Tesla's market value broke through the $1 trillion mark for the first time since 2022. Tesla CEO Elon Musk's net worth exceeded $300 billion for the first time since 2022, solidifying his position as the world's richest person.The peak of Tesla's stock price was in November 2021, when it surpassed $414. In October 2021, Tesla's market value first broke the $1 trillion mark in history. The stock price then peaked and fell back, spending only a few months in the $1 trillion market value club. As of Monday's close, Tesla's stock price is still about 15% away from its historical high.Tesla's continuous rise coincides with President-elect Trump's beginning to form a new cabinet for the U.S. government. Recent signs indicate that Musk's communication channels with Trump are smooth and his influence during Trump's second term will be unprecedented:Media reports indicate that Musk participated in a call between Trump and Zelensky. The call lasted about 25 minutes, and Musk's appearance was unexpected and not pre-arranged; he happened to walk into the room at that time.Trump and Musk requested the next Senate Republican leader to support "recess appointments." Musk and Trump made requests regarding the next Senate Republican leader, who has long been believed to be a close ally of McConnell, and their involvement may lead to some changes. Trump insisted that the next Republican leader support allowing him to bypass the Senate for recess appointments, and Musk quickly stated that this is crucial for achieving Trump's agenda.Tesla bulls, including Wedbush analysts, have significantly raised Tesla's target price and reiterated their outperform rating on the stock:We are raising Tesla's target price from $300 to $400 because we believe Trump's presidency will change the narrative around Tesla and Musk's self-driving and artificial intelligence story in the coming years.Bank of America analysts recently stated:It is difficult to determine how Musk's increasingly close public relationship with Trump will benefit Tesla, but it requires close attention. They raised Tesla's target price from $265 to $350.An article on the Wall Street Journal website previously pointed out that during the third-quarter earnings call, Musk stated that he would leverage his influence in the Trump administration to establish a federal approval process for self-driving cars. Currently, approvals are conducted at the state level, and Musk believes that once Tesla ultimately provides a system with partial self-driving capabilities, this will be a regulatory hurdle that Tesla needs to overcomeFuture autonomous driving will become one of the most important parts of Tesla's profit landscape, and Full Self-Driving (FSD) will bring more value to Tesla.In addition to Tesla, SpaceX, under Musk, has already secured a large number of government contracts and is expected to continue receiving new large orders from the new government in the future. Furthermore, regarding the known 19 federal lawsuits and investigations against his company, some or even all of them may gradually come to a complete end