Tesla shorts have reportedly lost over $6 billion since the U.S. presidential elections, highlighting the significant impact of political changes on the stock market.
Wedbush analyst Dan Ives raised his TSLA price target from $300 to $400, claiming that the Trump administration will fast-track Tesla's autonomous and AI initiatives.
Tesla's market capitalization has surpassed $1 trillion again, reflecting investor enthusiasm amid rising stock prices following the election of Donald Trump.
The electing of Trump as president is seen as a potential turning point for Tesla, particularly regarding regulatory challenges related to self-driving technology.
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