• 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

Riot Platforms Reports $104M Net Income in Q3

chest

Riot Platforms, a leading Bitcoin mining company, reported a net income of $104 million and revenue of $180 million for Q3, showcasing significant growth in the cryptocurrency sector.

user avatarLuis Flores

dYdX Community to Vote on Compensation for Outage

chest

The dYdX community will vote on a proposal to compensate users affected by an eight-hour outage during a market selloff in early October.

user avatarArif Mukhtar

Strategy Inc Reports Q3 2025 Profit of $28 Billion Driven by Bitcoin Gains

chest

Strategy Inc has reported a net profit of $28 billion for Q3 2025, driven by Bitcoin gains.

user avatarMaria Gutierrez

Investor Sentiment Declines as Bitcoin Rally Slows

chest

Investor sentiment has waned due to the slowing momentum of Bitcoin's rally.

user avatarDavid Robinson

Pepe Demonstrates Steady Growth Backed by Whale Activity

chest

Pepe has demonstrated steady growth, with whale holdings increasing significantly despite minor price fluctuations.

user avatarAndrew Smith

Ripple XRP Faces Uncertainty Amidst Mixed Signals

chest

Ripple XRP is experiencing volatility as it struggles to regain key resistance levels, leading to uncertainty among investors.

user avatarJacob Williams

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.