Tesla's Market Surge: Analysts Raise Targets Amidst Industry Dominance

Jefferies Financial Group analyst Philippe Houchois raised Tesla's (TSLA) price target from $195 to $300, a 54% increase, while maintaining a Hold rating. Houchois suggested Tesla could capitalize on the current stock rally to raise equity, despite potential shareholder dilution. Tesla's stock has surged 25% since the U.S. presidential election, reaching a market cap of $1 trillion, but remains above most analysts' price targets. The consensus among analysts is a Hold rating, with an average price target of $207.83, indicating potential downside risk.