Tesla Hits New High as Bank of America Ups Target to $400
Continuing what has been a mammoth year for the company, Tesla (TSLA) has reached a new high as Bank of America has upped the stock’s price target to $400. Indeed, the electronic automobile manufacturer has been surging since Donald Trump won the 2024 presidential election. The company’s is up more than 3.3% as it reaches a 32-week high at its current price nearing $370. With an all-time high of $409, there are expectations that the company could challenge that figure in 2025. Considering its continued increase over the last month, that kind of surge would certainly not be out of the question. Source: inventiva.co Also Read: Tesla Odds Best Month Ever as Stock Surges 33% Tesla Hurling Toward All-Time High as Bank of America Boosts Price Target Since the outcome of the 2024 election, Tesla has been surging. A primary reason has been CEO Elon Musk’s connection to Donald Trump and his position ahead of the incoming administration’s Department of Government Efficienc...