Tesla Inc. has seen a significant increase in its stock price following the election victory of Donald Trump, resulting in a market value increase of nearly $250 billion.
This surge has been influenced by the public support for Trump expressed by Elon Musk, which has raised concerns among analysts on Wall Street.
Despite the impressive gains, there is growing caution as the difference between Tesla's current share price and the average analyst price target compiled by Bloomberg suggests a potential 28% downside.
This gap is the widest observed since the tech stock frenzy of late 2021, leading to calls for a more cautious approach to investing in the electric vehicle manufacturer.