In the past week, Tesla's stock price surged, with multiple Wall Street research firms raising their target prices, allowing Tesla's stock to reach a historical high for the first time in three years. CEO Elon Musk's personal wealth also significantly increased, making him the first billionaire to surpass $400 billion in assets.

On Wednesday, December 11, Eastern Time, Tesla's stock accelerated during midday trading, reaching an intraday high of $424.88, with a daily increase of about 6%. It ultimately closed up over 5.9% at $424.77, marking six consecutive trading days of gains and surpassing the closing record set on November 4, 2021.

（Source: uSMART HK）

Goldman Sachs analyst Mark Delaney raised Tesla's target price from $250 to $345, an increase of 38%, while maintaining a neutral rating. Although this target price is still below Tesla's closing price on Tuesday, Delaney believes that advancements in autonomous driving and robotics technology will positively impact the stock price. He noted that Tesla is leading in the electric vehicle and clean transportation sectors, but may face challenges in demand and pricing pressures in its core automotive business.

Morgan Stanley also raised its target price from $310 to $400, while Cantor Fitzgerald significantly increased its target to $365. Analysts believe that strong sales momentum will help Tesla set new records in China.

Bank of America analyst John Murph, after conducting an on-site visit, raised his target price by 14.3% to $400 and expressed optimism about Tesla's long-term growth prospects. Craig Irwin also upgraded his rating from neutral to buy last week, increasing the target price from $85 to $380, noting that the current trend is positive.

How to Trade on uSMART

After logging into the uSMART HK APP, click on the search icon at the top right of the screen. Enter the stock code, such as "TSLA.US" to access detailed information, trading history, and trends. Click the “Trade” button at the bottom right, select the “Buy/Sell” function, and submit your order after filling in the transaction conditions.

（Source: uSMART HK）