In an exciting turn of events, Tesla (TSLA) shares skyrocketed to an all-time high this Monday, spurred by Wedbush's decision to revise its price target yet again.

The investment firm now believes that advancements in Tesla's self-driving capabilities and the integration of artificial intelligence (AI) will receive a significant lift from the anticipated policies of the new Trump administration.

Wedbush has increased its price target from $400 to a staggering $515, with a "bull case" scenario predicting a jaw-dropping target of $650 by next year.

This latest upgrade comes just a month after the firm had already boosted its price target from $300 to $400, citing similar optimistic forecasts for Tesla’s trajectory.

The analysts at Wedbush expressed their belief that the incoming Trump administration will act as a “total game changer” for Tesla, particularly with regard to their autonomous driving and AI ambitions.

They noted, "The next four years under the Trump White House will strongly impact the autonomous and AI story for Tesla and CEO Elon Musk."

Wedbush estimates that the full self-driving (FSD) and AI market could represent a valuation of at least $1 trillion.

They confidently predict that the Trump administration will expedite these crucial initiatives, alleviating the federal regulatory challenges that have significantly hindered Tesla’s FSD progress in recent years.

With these developments, analysts propose that Tesla could potentially skyrocket to a market cap of $2 trillion by the end of 2025 as their self-driving vision materializes and delivery numbers surge, particularly in the lucrative Chinese market.

Wedbush has maintained an "outperform" rating on Tesla's stock, reflecting the firm’s bullish outlook on the company’s future.

Investors are eagerly watching to see how this momentum unfolds, as Tesla continues to push boundaries in the electric vehicle sector.

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