The Tesla price target was raised from $265 to $350 on BofA

BofA increased the value of the company Price target on Tesla (TSLA) from $265 to $350 and maintains a buy recommendation on the shares following the US election results. The company's analysis showed that Tesla “may be relatively indifferent to most of the policies discussed in BofA's recent election notice, but could benefit from a nationwide shift to federal regulation for autonomous vehicles and full self-driving (FSD), so the analyst tells investors. Additionally, it's hard to assess how Elon Musk's increasingly close public relationship with President Trump could benefit Tesla, but “this needs to be watched closely,” says BofA, which now values ​​the stock at 10x EV/Sales That 8x this metric previously.