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.