Tesla Inc. (NASDAQ: TSLA) is seeing early trading gains, climbing 2.2% in pre-market as analysts reinforce bullish predictions and U.S. lawmakers propose policy changes that could impact its competitors.
Analysts See Big Upside for Tesla
- Dan Ives of Wedbush Securities reaffirmed his $550 price target, highlighting Tesla’s leadership in AI, robotics, and energy.
- Mickey Legg from Benchmark Equity initiated coverage with a ‘Buy’ rating and a $475 price target, citing Tesla’s strength in autonomous technology and renewable energy.
New EV Tax Proposal Could Reshape the Market
- Senate Republicans proposed eliminating the $7,500 federal EV tax credit and introducing a $1,000 annual EV tax to fund road repairs.
- This move could hurt GM and Ford, which have relied on subsidies, while Tesla—already operating without these incentives—could gain a competitive edge.
Tesla’s growing dominance in EVs, AI, and energy innovation continues to fuel investor optimism despite regulatory uncertainties.
