• Daniel Ives of Wedbush sets a new price target of $515 for Tesla Inc. (NASDAQ:TSLA), indicating a potential increase of 28.43%.
• Tesla's market value surged by $550 billion following the 2024 election, attributed to Elon Musk's connections with Donald Trump and favorable regulatory changes.
• With a current trading price of $436.23 and a market capitalization of approximately $1.4 trillion, Tesla's strong delivery growth and gross margins suggest continued upward momentum.

Tesla Inc. (NASDAQ:TSLA) is a leading electric vehicle manufacturer known for its innovative approach to sustainable energy solutions. The company, led by CEO Elon Musk, has been at the forefront of the electric vehicle revolution, competing with traditional automakers and new entrants in the EV market. Tesla's focus on autonomous driving technology and energy storage solutions sets it apart from its competitors.

On December 16, 2024, Daniel Ives from Wedbush set a price target of $515 for Tesla, indicating a potential price increase of approximately 28.43% from its then-current price of $400.99. This optimistic outlook is supported by Tesla's recent market performance and strategic positioning. As highlighted by Wedbush, Ives increased his price target from $400 to $515, maintaining a Buy rating on the stock, which has contributed to a rise in Tesla's share price.

Tesla's stock has experienced a remarkable surge following the 2024 election, adding $550 billion to its market value. This growth is largely attributed to Elon Musk's strong connections with Donald Trump and the potential benefits from deregulation under a pro-business Trump administration. Favorable regulatory changes, coupled with robust growth in China, are expected to significantly enhance Tesla's ambitions in the autonomous vehicle sector and improve its overall market performance in 2025.

Despite its high valuation, Tesla's projected delivery growth of 20–30% and strong gross margins indicate that the stock's upward momentum is likely to continue. Currently, Tesla is trading at $436.23 on the NASDAQ, reflecting a significant increase of 4.34% or $18.13. The stock has experienced a daily low of $415.71 and reached a high of $436.30, which also marks its highest price over the past year. The lowest price for the year was $138.80.

Tesla's market capitalization stands at approximately $1.4 trillion, with a trading volume of 86.2 million shares. This substantial market cap underscores the company's dominant position in the electric vehicle market and its potential for future growth. As Tesla continues to innovate and expand its market presence, investors remain optimistic about its long-term prospects.