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Tesla (TSLA) rises more than 3%, shares hit record high, Mizuho raises its price target to $515

金吾财讯12-17

Jinwu Financial InformationTesla(TSLA) rose more than 3% to $477.9 as of press time. It rose to $483.99 intraday, a record high. On the news, Mizuho Securities raised its stock rating on Tesla from "neutral" to "outperform" with a target price of $515. Mizuho analyst Vijay Rakesh said that the relaxation of the autonomous driving regulatory framework provides Tesla with more upside in FSD/Robotaxi valuation. Furthermore, the Trump administration's new policies are expected to put Tesla in a stronger position as Tesla's EV cost structure is lower relative to its peers. With a more profitable EV roadmap, Tesla is believed to be on track to overtake global competitors, including the launch of the low-cost Model Q/Cybercab in 2026-2027.

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