Tesla Stock Jumps 38% Fueled By Post-Election Optimism, Focus on Autonomous Vehicle Policies

Benzinga 2024-11-20

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Tesla shares have risen 38% since November 5th, fueled by optimism following Trump’s election and reports of federal focus on autonomous vehicle policies. Analysts suggest Tesla’s autonomous ambitions may benefit from potential policy drivers. Morgan Stanley analyst Adam Jonas attributes Tesla's stock surge to typical volatility catalysts and believes its AI leadership and policy drivers are not fully priced in. The analyst consensus on Tesla stock is mixed, leaning toward Neutral, with many viewing the recent rally as overvaluing the shares relative to their average price target.

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