Musk suddenly brushed the screen! Worth Crosses $360 Billion, Bank of America Raises Tesla Price Target

Musk, win hemp!

Over the weekend, the world's richest man,TeslaThe news that CEO Musk's net worth has soared has attracted the attention of many media and netizens. On Friday,TeslaThe share price has surged by more than 5%, with a cumulative increase of more than 56% this year, and the market value has risen to $1.25 trillion. WithTeslaWith the soaring stock price, Musk's worth has also reached a new milestone. The Bloomberg Billionaires Index showed that Musk's worth (net worth) was about $362 billion as of Friday's close, up $133 billion this year, making him the wealthiest person with the biggest increase in wealth this year.

It is worth noting that the explosion of Musk's net worth has a lot to do with Trump's victory. Since Trump's victory,TeslaThe cumulative increase is close to 55%, and the market value has increased by more than $440 billion. According to a document released by the Federal Election Commission on the evening of the 5th,TeslaAnd SpaceX CEO Musk donated $259 million (about 1.883 billion yuan) to groups supporting Trump's 2024 campaign, becoming one of the largest presidential campaign patrons in U.S. history.

Some analysts pointed out that Musk bet all on Trump's victory, so it is understandable why the market wouldTeslaConsidered beneficiaries. Especially under the Trump administration, could provide regulatory relaxation for Tesla. A few days ago, investment bank Stifel andBank of America, both raised their price targets for Tesla.

　　Musk is worth more than $360 billion

On Friday, Tesla's stock price surged 5.34% to close at $389.22, with a market value of $1.25 trillion. Since the beginning of the year, Tesla has gained 56.6%. As Tesla's stock price soars, the company's CEO Musk's worth has also reached a new milestone.

The Bloomberg Billionaires Index showed that Musk's net worth stood at about $362 billion as of Friday's close, surging by $133 billion so far this year, firmly ranking first on the world's richest list. At present, Musk's net worth is second on the list of richest peopleAmazonFounder Bezos is about $122 billion higher.

Musk is also the richest person to gain the most wealth this year, closely followed by Meta CEO Mark Zuckerberg, who grew his worth by $87.3 billion to $215 billion this year, ranking third on the list of richest people. In addition,NVIDIACEO Huang Renxun's wealth has increased by $82.6 billion this year, second only to Musk and Zuckerberg. Huang Renxun's latest net worth is $127 billion, currently ranking 11th on the rich list.

At present, there are 17 wealthy people on the Bloomberg Billionaires Index with a fortune of more than $100 billion, and 10 of them are American tech tycoons.

　　Tesla price target raised by BofA

On December 5, local time, Bank of AmericaSecuritiesAnalyst John Murphy raised his Tesla price target from $350 to $400 and maintained a "buy" rating after visiting Tesla's Gigafactory in Austin. In the report, Murphy said that the visit has bolstered his confidence in Tesla, which is expected to see the company through its core electric vehicle business, the launch of self-driving taxi products, and the introduction of Optimus, a humanoidRobotOptimus Prime) long-term investments to grow beyond 2025.

Murphy highlighted that Tesla's upcoming low-cost EV will be the first significant driver of the company's growth, with the under-$30,000 EV expected to arrive in the first half of 2025. Murphy believes the new car will expand Tesla's total potential market (TAM). Murphy also expects that the low-cost model won't be Tesla's only new model in 2025.

Speaking about Tesla's Full Self-Driving Technology (FSD), Murphy believes the test drive process reflects significant improvements in the vehicle. Murphy also described how the Cybertruck and Model Y they rode in performed in complex road conditions, calling the process "seamless" and "successful". Murphy also noted that minimal intervention with Tesla's FSD technology may only need to be done every 10,000 miles, stressing that the technology is close toRobotThe level of safety required for taxi service.

Tesla previously announced that it would expand testing of its self-driving taxis and plans to conduct a wider trial next year. Musk, the company's CEO, revealed in a recent earnings call that the Cybercab is expected to enter mass production by 2026 and set an ambitious goal of producing 2 million Cybercabs per year to meet market demand.

Murphy also raised questions about the Tesla humanoidRobotInteresting point of view from Optimus. He noted that Tesla is currently using Optimus to perform uninterfered controls onBatteryClassify and test its flexibility with use cases such as catching a tennis ball. Tesla plans to deploy 1,000 Optimus robots at Giga Austin by the end of 2025. Murphy believes that as Tesla's robotaxi technology matures, the "computing power" of Tesla's supercomputer will shift to Optimus development, accelerating robot training. Murphy sees Optimus as more of a "long-term potential" opportunity with lower costs and increased production in 2026 and beyond as performance improves.

Recently, Stephen Gengaro, an analyst at investment bank Stifel, also significantly raised the price target of Tesla. The analyst raised the price target of Tesla's stock from $287 to $411 and maintained a "buy" rating. Gengaro wrote: "We believe that buying Tesla stock requires foresight and patience and a willingness to accept volatility. While we are confident in Tesla's automotive business, its AI-based fully autonomous driving capabilities and Cybercab's significant value creation potential underpin our positive expectations for the company's outlook."

Gengaro said Musk's relationship and involvement with the Trump administration bodes well for Tesla. Gengaro added that Tesla has a clearer path in obtaining regulatory approval for its fully autonomous and semi-autonomous programs, as well as self-driving robotaxis.

Tesla seems to be pushing its FSD system in full force, and recently Tesla added a dedicated area to the order page of its US official website vehicle to show videos of the FSD running in actual road conditions. Previously, Tesla's order page listed only a list of FSD's features and a graphical showcase of the system's capabilities. While the updated order page contains 13 real-world FSD videos that clearly show how the system can navigate from one location to another.

Including real FSD videos helps more consumers understand the capabilities of this advanced driver assistance system. Tesla also made clear on the order page that the current version of the FSD has not yet achieved full autonomous driving and that with the system activated, the vehicle can "travel virtually anywhere with minimal driver intervention."

Previously in November, WedbushSecuritiesCompany analyst Daniel Ives said Trump's White House run would "change" Tesla's efforts in self-driving andArtificial IntelligenceThe analyst raised his price target on Tesla from $300 to $400. He estimated that "for Tesla, justArtificial IntelligenceAnd autonomous driving opportunities are worth $1 trillion, "maintaining a Buy rating on the stock.

(Article source: Brokerage China)