Tesla’s stock price surged 5% in Tuesday’s trading, driven by two significant news items. President Donald Trump publicly expressed support for the company and its CEO Elon Musk. The positive sentiment was further fueled by an analysis from Wedbush, which suggests that the negative impact of Trump’s relationship with Musk on Tesla’s sales could be minimal.
The dynamic between Trump and Musk has played a role in shaping Tesla’s stock performance in recent months. While Trump’s endorsement is seen as bullish for the company, investors are still trying to gauge its long-term impact. Tesla’s stock price plummeted 42.5% in 2025 after it surged with Trump’s election win in November.
Wedbush maintains an outperform rating on Tesla and a one-year price target of $550 per share, suggesting upside potential of around 135%. The firm believes that protests and boycotts surrounding Tesla represent less than a 5% risk to the company’s global sales.
Source: https://www.nasdaq.com/articles/why-tesla-stock-jumping-today-0