{"id":21432,"date":"2024-11-07T19:18:33","date_gmt":"2024-11-07T13:48:33","guid":{"rendered":"https:\/\/bigbreakingwire.in\/bank-of-america-raises-teslas-price-target-to-350-from-265-buy-recommendation\/"},"modified":"2024-11-07T19:18:33","modified_gmt":"2024-11-07T13:48:33","slug":"bank-of-america-raises-teslas-price-target-to-350-from-265-buy-recommendation","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/bank-of-america-raises-teslas-price-target-to-350-from-265-buy-recommendation\/","title":{"rendered":"Bank of America Raises Tesla’s Price Target to $350 from $265 – Buy Recommendation"},"content":{"rendered":"
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Analyst Comments: Bank of America’s analysis suggests that Tesla\u2019s position will not be significantly affected by most changes in policy. However, there could be potential for growth if the government introduces federal regulations for autonomous vehicles and Full Self-Driving (FSD), which aligns with Elon Musk\u2019s goal for a national standard for self-driving technology.

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Tesla could also benefit from a shift away from the intense scrutiny it currently faces under the Biden administration. The return of policies from the Trump administration might create a more favorable regulatory environment, which could speed up Tesla\u2019s plans for Robotaxi deployment in 2025 by easing the state-by-state regulatory issues they currently face.

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As a result, Bank of America is increasing Tesla’s valuation multiple from 8x to 10x of its expected sales, and extending the forecast to 2026 to reflect these potential benefits. Another factor to consider is Elon Musk\u2019s public support for Trump, which could bring some uncertain, but possibly positive, outcomes for Tesla.

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Additionally, if environmental regulations are relaxed, traditional automakers might slow down their shift to electric vehicles (EVs), giving Tesla more room to expand its market share in the U.S. EV sector, especially as it introduces more affordable models. Moreover, a tougher approach towards China might limit new competitors from entering the U.S. market, which would help Tesla strengthen its position in the electric vehicle industry.

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Analyst: John Murphy<\/strong><\/p>\n\n\n\n

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