Tesla stock (TSLA) continues to shine in 2024 as the year comes to a close, with multiple 2025 price predictions rising in the past week. TSLA pushed higher on Tuesday morning, hitting a record high in stock value. Wall Street analysts are bullish on the EV maker, with one firm upping their price prediction for the stock to reach $515.
Vijay Rakesh of Mizuho Securities recently upped the firm’s prediction for Tesla stock to an “outperform” grade expectation. Mizuho sees ‘idiosyncratic tailwinds’ taking Tesla higher in 2025, according to a note. Tesla stock is up 87.2% since Election Day, and experts expect it to climb further next year once Trump officially takes office.
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Rakesh, like other analysts, believes loosening autonomous driving rules from the incoming Trump administration will only boost TSLA further. “We expect TSLA’s leadership across EVs, solar/battery storage, and charging infrastructure should allow the company to better weather the storm than less-established peers as the Trump administration removes subsidies for key end-markets,” Rakesh wrote to clients. “We also see less stringent regulation on autonomous vehicles (‘AVs’) as a key tailwind to TSLA’s ability to scale FSD/Robo-Taxi deployments, with our base case scenario implying significant long-term revenue from AV operations.”
Mizuho is one of multiple firms to eye a 10% or higher price increase for Tesla stock in 2025. Tesla is well-positioned to grow next year with its core EV business and the launch of its robotaxi. Bank of America analyst John Murphy hiked his price target for TSLA last week after visiting Tesla’s Texas gigafactory, maintaining a “buy now” rating. These kinds of developments have Tesla eyeing a $1.6 trillion market cap by the end of this year.
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Furthermore, Wedbush lifted its price target to $515 from $400, giving the stock a “bull case” scenario of $650 next year. Wedbush’s analysts argued that Tesla could have a $2 trillion market cap by the end of 2025 as the self-driving vision takes shape, and because of an expected jump in deliveries of EVs in China.
