• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bank of America Raises Tesla Stock Target to $350 on Trump's Victory Optimism

user avatar

by Giorgi Kostiuk

a year ago

Bank of America increased its price target for Tesla stock due to anticipated favorable regulatory changes under Donald Trump's new administration.

New Tesla Valuation by Bank of America

Bank of America upgraded the target price for Tesla shares from $265 to $350. This valuation anticipates the Trump administration adopting a national standard for autonomous vehicle regulation, which could significantly bolster Tesla's market ambitions.

Elon Musk's Support and Trump's Influence

Elon Musk has publicly endorsed Donald Trump, making a substantial $75 million donation to a pro-Trump political action committee. Speculation surrounds Musk's potential appointment as chairman of a government efficiency commission, which could lead to further cost savings for Tesla.

Tesla Stock Surge

Tesla's stock rose by 6.67%, reaching $316.71 as of the morning of November 8, 2024, reflecting an overall upward trend year-to-date.

Bank of America's forecast, combined with Elon Musk's support, creates a favorable climate for Tesla's continued market strength.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

South Korea Changes Corporate Cryptocurrency Tax Valuation Method

chest

On January 16, 2025, South Korean authorities announced a significant change in the valuation methodology for corporate cryptocurrency transactions, shifting from FIFO to total average to simplify compliance and reflect trading patterns.

user avatarBayarjavkhlan Ganbaatar

Aave Maintains Stability and Prepares for Major Growth in 2026

chest

Aave shows stability in decentralized finance with plans for significant growth in 2026.

user avatarTenzin Dorje

Vitalik Buterin Urges Developers to Focus on Practical Applications

chest

Vitalik Buterin urges Ethereum developers to focus on practical applications rather than theoretical experiments.

user avatarMohamed Farouk

Community Response to Kaito Allegations Intensifies

chest

In response to the Kaito token dump allegations, the crypto community has formed decentralized investigation collectives to demand transparency and accountability from the Kaito team.

user avatarDiego Alvarez

Regulatory Implications of Kaito Scandal Highlighted

chest

The Kaito token dump allegations have surfaced during a period of heightened regulatory scrutiny in cryptocurrency markets, emphasizing the urgent need for clearer insider trading rules.

user avatarElias Mukuru

Sui Network Faces Six-Hour Outage Due to Consensus Bug

chest

Sui Network experienced a six-hour outage on January 14 due to a consensus bug, but user funds remained safe.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.