Wedbush ups Tesla target to $400 on ‘gamechanger’ Trump win

Wedbush raised the firm’s price target on Tesla (TSLA) to $400 from $300 and keeps an Outperform rating on the shares. The analyst believes the Trump White House win “will be a gamechanger” for the autonomous driving and artificial intelligence story for Tesla over the coming years. Wedbush estimates the AI and autonomous opportunity is worth $1 trillion alone for Tesla and fully expects that under a Trump White House, “these key initiatives will now get fast tracked as the federal regulatory spiderweb that Musk & Co. have encountered over the past few years around FSD/autonomous clears significantly under a new Trump era.”