Deutsche Bank sees more tailwinds ahead for Tesla under the incoming Trump administration.
Deutsche Bank anticipates more tailwinds ahead for Tesla under the incoming Trump administration. Shares of the electric vehicle behemoth have rallied nearly 37% in November and topped $1 trillion in market value last week for the first time in two years as investors bet that CEO Elon's Musk close relationship with President-elect Donald Trump will bode well for the company.
mountain Shares this year Musk is already making strides in his alliance with Trump. Deutsche Bank analyst Edison Yu said in a Tuesday report that if Vice President-elect JD Vance were to "take the reins" after Trump, Musk could have a close ally in the White House for eight to 12 years. "Beyond attributing the price action to tactical factors , we see potential large terminal value benefits to Tesla's efforts in auto, robotaxi, and even humanoid robotics," wrote Yu.
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