Wedbush Raises Tesla Price Target to $400 as Hedge Funds Bet on Banks and Short Renewable Energy Amid Trump Election Win

Wedbush has increased its price target for Tesla stock from $300 to $400, believing that a win for Trump in the U.S. presidential election will significantly benefit Tesla’s self-driving (autonomous) and artificial intelligence (AI) technologies. The firm estimates that the AI and autonomous driving opportunity alone could be worth $1 trillion for Tesla. They expect … Continue reading Wedbush Raises Tesla Price Target to $400 as Hedge Funds Bet on Banks and Short Renewable Energy Amid Trump Election Win