CFRA has raised its price target for Tesla Inc. (NASDAQ: TSLA) to $560 from $450, reaffirming its Buy rating based on several positive regulatory developments that may benefit the company.

Highlights of the Rating Increase

• Notable Upside Potential: This new target signifies a 16% upside from Tesla’s latest close.
• Revised EPS Estimates: 2025 EPS revised from $3.0 to $3.10; 2026 EPS from $3.75 to $4.0.
• EV Market Advantages: The cancellation of federal EV tax credits could position Tesla favorably against its competitors.

The strategic positioning of Tesla amid shifting regulatory landscapes suggests strong momentum heading into 2025. Investors should monitor these developments carefully to align their portfolios.