Shares of Tesla hit a new all-time high on Tuesday, rising 5% to $483,99. write Business Insider.
The paper's rise has continued since Donald Trump won the election. Since the election in November, Tesla shares are up 92%.
The recent rally in Tesla stock has been fueled by investor sentiment on Wall Street.
Analysts at Wedbush and Mizuho raised their price targets on the stock to $515, which implies upside potential of about 9% from current levels and is the highest target among Wall Street analysts.
Analysts at Mizuho upgraded Tesla from "neutral" to "market outperform" and more than doubled their target from $230 per share.
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