Wedbush: Tesla, Inc. (TSLA.US) receives significant policy boost for autonomous driving, target price set at $400.

Tesla, Inc. (TSLA.US) surged 6% in pre-market trading on Monday, with more signs indicating that this electric car manufacturer will benefit from measures to be announced by the incoming Trump administration. Reports have specifically pointed out that the Trump transition team has informed advisors that they plan to make the federal framework for fully autonomous vehicles a top priority for the U.S. Department of Transportation. Wedbush Securities has given Tesla, Inc. an "outperform" rating with a target price of $400. Wedbush Securities analyst Dan Ives says that this development may signal a significant step for the U.S. in relaxing regulations on autonomous vehicles, and will provide important support for Tesla, Inc. to achieve its vision for autonomous driving and artificial intelligence by 2025. Ives emphasizes, "Musk's significant influence in the Trump White House has had a major impact, and the golden road for Tesla, Inc. in Cybercab and autonomous driving is now within reach, with the strategic alliance between Trump and Musk having real-time effects, which strongly align with our arguments." Wedbush Securities estimates that opportunities in artificial intelligence and autonomous driving alone could bring Tesla, Inc. $1 trillion in value, and expects that with Trump taking office, the regulatory barriers faced by this electric car giant in the past few years in terms of FSD/autonomous driving will be significantly cleared in the new Trump era, with these key measures now being rapidly followed up.