1 Wall Street Analyst Thinks Tesla Stock Is Going to $400. Is It a Buy?
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Tesla shares have surged over 30% since the U.S. election, driven by CEO Elon Musk's relationship with President-elect Donald Trump, which may influence future electric vehicle policies. Wedbush analyst Dan Ives rates Tesla stock a "buy," predicting a nearly 25% increase from last Friday's closing price. Ives highlights potential federal regulations on self-driving vehicles, which could benefit Tesla's autonomous vehicle ambitions and align with Musk's AI vision. Ives' optimistic outlook reflects the strategic alliance between Trump and Musk, suggesting positive prospects for Tesla shareholders.
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