Tesla Soars Amid Musk's Growing Influence in Trump Era

Tesla shares surged following the presidential election, driven by optimism about reduced regulations under a Trump administration and a significant price target increase from Wedbush analysts. Wedbush raised its target from $300 to $400, citing Tesla's potential in AI and autonomous vehicles, which they estimate could be worth $1 trillion. The analysts view Tesla as the most undervalued AI opportunity in the market, maintaining an "outperform" rating on the stock, which has risen 40% since Election Day.