Tesla shares are eyeing the $400 mark again: Will the Musk Group soon reach a new all-time high?

• Tesla shares THE winner of the election
• The $400 mark comes into view
• Analyst voice provides additional motivation

Tesla shares have already gained almost 49 percent in the year to date. What is particularly impressive is the price development since then US election At the beginning of November: The Musk Group’s shares shot up from 251 US dollars to around 370 US dollars – a whopping increase of 47 percent within a few weeks.

Tesla price rally continues

With this price jump, Tesla shares are now trading at a new 52-week high. On Friday, US investors were once again in a buying mood: before the trading session, the share on the NASDAQ gained a further 2.08 percent to 377.15 US dollars and was thus getting closer and closer to the important 400 dollar price mark. The all-time high, which dates back to November 2021 and is almost $410, is now within reach again.

Analyst recommendation also drives the Tesla share price

In addition to the hopes for a Tesla-friendly economic policy under Trump 2.0, which is particularly due to the proximity of the CEO Elon Musk is fueled to become the new US President, there is also a buy recommendation from analysts on Friday, which continues to drive the price forward.

BofA Securities analyst John Murphy has updated his outlook for Tesla shares and raised his price target from $350 to $400, according to Investing. The expert cited Tesla’s efforts in the robotics sector with its product Optimus as the main reason for the positive rating. According to the analyst, the increasing presence of robots like Optimus will likely accelerate their training and improve skills. Although Optimus currently uses only a single-digit percentage of Tesla’s computing power, the resources dedicated to Optimus are expected to increase as Tesla’s robotaxi technology continues to develop. From 2026, the analyst expects an increase in production and associated cost reductions.

Editorial team finanzen.net

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