Wedbush: “We Believe The Trump White House Win Will Be A Game Changer For The Autonomous And AI Story For Tesla And Musk”

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After last week's decisive presidential election in the US, and the critical role played by Elon Musk in bringing about a favorable outcome for Trump, Wall Street analysts continue to mull the short- and medium-term implications for Tesla shares in a Trump-led administration.

For instance, last week, BofA analysts admitted in a dedicated investment note that Tesla might see potential upside going forward vis-à-vis "the federal regulation of autonomous vehicles and FSD, which aligns with Elon Musk’s push for a national standard for self-driving," adding:

Related Story BofA: Elon Musk’s Clout Within The Trump Administration 2.0 And A “Shift Away From The Aggressive Scrutiny” Might Benefit Tesla

BofA analysts also believe that Tesla might benefit from relaxed emissions standards in the Trump administration 2.0 and stringent restrictions on China-made EVs, which should push back the aggressive electrification plans of legacy automakers in the US, thereby allowing Tesla the "room to expand its market share."

Today, it is Wedbush's turn to expound on what Tesla potentially stands to gain under the Trump presidency. To wit, Wedbush's Dan Ives has now raised his target for Tesla shares by $100 per share to $400, arguing that the "Trump White House win will be a game changer for the autonomous and AI story for Tesla and Musk over the coming years."

Ives goes on to add:

Bear in mind that Tesla plans to launch the "completely autonomous" unsupervised FSD for Models S, 3, X, and Y by next year. Additionally, Elon Musk expects the newly revealed Cybercab to reach volume production of 2 million units per year in 2026.

To do so, however, Tesla will first have to bridge the disconnect between the crowdsourced FSD performance data, which currently shows around 100 miles per critical intervention, and Tesla's tall claims of reaching "10K+ miles