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Tesla shares (TSLA) gets 32% price target hike from Bank of America

  • Bank of America analysts have raised their price target for Tesla stock (NASDAQ:TSLA) by 32%.
  • The price target has been adjusted from $265 to $350 per share.
  • Bank of America analysts believe that Tesla could benefit from a shift to federal regulation of autonomous vehicles and Elon Musk's close ties to Trump.
  • The Trump administration's willingness to consider national self-driving vehicle regulations could facilitate the rollout of Tesla's Robotaxi service.

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