Tesla stock's post-election boom just powered the shares to an all-time high

Quartz12-12

Tesla CEO Elon Musk visited Capitol Hill for a meeting with House Republicans last week. - Photo: Anna Moneymaker (Getty Images) Tesla stock briefly — and narrowly — beat its previous all-time high...

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Tesla stock briefly — and narrowly — beat its previous all-time high Wednesday, as investors and analysts foresee major gains from self-driving vehicles, robots, and CEO Elon Musk’s relationship with the next president.The stock has been a tear over the last month after Donald Trump won the presidential election, aided by Musk’s generous spending. The stock climed to a new record of $415 per share before shedding some of those gains on Wednesday. The previous record for intraday trading was $414.50 per share on Nov. 4, 2021. Trading closed that day at $409.97, which was the stock’s split-adjusted all-time closing high.He also raised his price target — to $380 per share from $300 — on Monday, citing his “increased conviction” that Tesla will launch an affordable electric hatchback in 2025.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0823411888.USD":"法巴消费创新基金 Cap","BK4585":"ETF&股票定投概念","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","UBS":"瑞银","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2063271972.USD":"富兰克林创新领域基金","LU0234572021.USD":"高盛美国核心股票组合Acc","BAC":"美国银行","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4551":"寇图资本持仓","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","TSLA":"特斯拉","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4511":"特斯拉概念","LU2129689605.HKD":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4548":"巴美列捷福持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","BK4127":"投资银行业与经纪业","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC"},"translate_title":"特斯拉股价在大选后的繁荣推动股价创下历史新高","themeId":"6b9ad1098c81d43cc70f8db0e2e5b6a3","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBS":1,"BAC":1,"TSLA":1,"TSLL":1},"content_text":"Tesla CEO Elon Musk visited Capitol Hill for a meeting with House Republicans last week. - Photo: Anna Moneymaker (Getty Images)\n \n\nTesla stock briefly — and narrowly — beat its previous all-time high Wednesday, as investors and analysts foresee major gains from self-driving vehicles, robots, and CEO Elon Musk’s relationship with the next president.\nThe stock has been a tear over the last month after Donald Trump won the presidential election, aided by Musk’s generous spending. The stock climed to a new record of $415 per share before shedding some of those gains on Wednesday. The previous record for intraday trading was $414.50 per share on Nov. 4, 2021. Trading closed that day at $409.97, which was the stock’s split-adjusted all-time closing high. \nIn recent weeks, investors have been excited by Trump’s potential actions that could aid the automaker, including streamlining autonomous vehicle regulations and ending the $7,500 consumer tax credits for electric vehicles. But Tesla will likely face a hit in sales if the credits are nixed and the company’s technology isn’t ready to take advantage of eased regulatory changes concerning driverless cars, according to experts.\nTesla has also benefitted from a number of positive analyst reactions to the stock surge, with many raising their price targets. \nMorgan Stanley’s (MS) Adam Jonas joined the party on Tuesday, adding Tesla as a “top pick” and raising the firm’s price target to $400 per share from $310. He warned that killing the EV tax credit could slow adoption and that “higher competition with tariff hikes are an inflationary wild-card.” \nGoldman Sachs (GS) on Wednesday raised its price target to $345 from $250, noting that it expects Tesla to face near-to-medium term headwinds to its auto businesses.\nCantor Fitzgerald’s Andres Sheppard raised the firm’s price target to $365 per share from $255, citing bullishness on Tesla’s robotaxi plans and a potential federal framework for self-driving vehicles. Bank of America (BAC) analysts, who raised their price target to $400 per share from $350, pointed to a recent visit to Tesla’s Texas factory, which gave them “increased confidence” in Tesla’s core EV businesses and the Optimus humanoid robots.\nMusk has been forecasting an eventual price of $250,00 to $30,000 per robot, as well as a long-term scenario where they add $20 trillion to the company’s market capitalization. \nTesla’s market capitalization was almost $1.3 trillion as of Wednesday.\nWall Street analysts are “tripping over each other” to raise their price targets, wrote The Future Fund Managing Partner Gary Black on Tuesday, pointing to a chart showing that the average price target is still $260 per share. “How does a highly paid WS sales team get on the phone and tell clients to buy a stock with little or no upside?”\nHe also raised his price target — to $380 per share from $300 — on Monday, citing his “increased conviction” that Tesla will launch an affordable electric hatchback in 2025. \nWhile some analysts have expressed caution over aspects of Tesla’s business, others have gone a bit further to dampen investors’ enthusiasm. UBS (UBS) analyst Joseph Spak wrote in a report late last month that the rise is “mostly driven by animal spirits/momentum (which has happened multiple times in TSLA’s history).”\nThe company’s stock has repeatedly been criticized for behaving like a meme stock, given Musk’s massive influence over Tesla influencers and retail investors. In the past, analysts have even noted that they have “painfully” discovered that memes shared on Reddit can affect the stock more than actual financial metrics.\n For the latest news, Facebook, Twitter and Instagram.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490895720"}