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Tesla turns a bear into a bull with massive narrative and price target switch up

  • Craig Irwin of Roth MKM has upgraded shares of Tesla from Neutral to Buy and increased the price target to $380.
  • Irwin cites several reasons for the upgrade, including Tesla's potential gains from President-elect Donald Trump's policies and the removal of the $7,500 EV tax credit.
  • He also mentions the boost in demand from conservative voters, who might be swayed to support EVs, especially those built by Tesla.
  • Tesla's stock is currently trading at $354.46.

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