Wedbush: Tesla's autonomous driving welcomes major policy benefits, with a target price of $400
智通财经11-19
November 19th,TeslaIt surged more than 5% on Monday in more signs that the electric car maker will benefit from measures enacted by the incoming Trump administration. Reports specifically point out that the Trump transition team has told advisers that they plan to make the federal framework for fully autonomous vehicles one of the top priorities of the U.S. Department of Transportation. Wedbush Securities gave Tesla an "outperform" rating and a price target of $400.
Wedbush Securities analyst Dan Ives said the development could mark a big step in easing self-driving car regulations in the United States and will provide an important boost to Tesla's vision of autonomous driving and artificial intelligence by 2025.
Ives emphasized: "Musk's huge influence in the Trump White House has made a significant difference, and ultimately Tesla's golden road to Cybercab and autonomous driving is now close at hand, and the Trump/Musk strategic alliance is working in real time, which fits well with our thesis."
Wedbush Securities estimates that the opportunity for artificial intelligence and autonomous driving alone is worth $1 trillion for Tesla, and expects these key moves to now be quickly followed after Trump's White House, as the federal regulatory hurdles the electric vehicle giant has struggled with FSD/autonomous driving over the past few years are cleaned up significantly in the new Trump era.
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