**Tesla Stock Surges as Market Cap Tops $1.1 Trillion**

Tesla's stock surged nearly 9% on Monday, reaching its highest point since early 2022. This boost has elevated the company’s market capitalization to over $1.1 trillion, fueled by optimism for significant gains under the Trump administration.

Wedbush analysts, led by Dan Ives, highlighted that they have raised their price target on Tesla to $400 from $300. "We believe the Trump White House win will be a game-changer for the autonomous and AI story for Tesla and Musk over the coming years," the analysts noted in a new communication to their clients on Monday.

The analysts at Wedbush foresee artificial intelligence and autonomous driving adding $1 trillion to Tesla's value. They stated, "Under a Trump White House, these key initiatives will get fast-tracked as the federal regulatory hurdles that Musk & Co. have encountered over the past few years around FSD/autonomous will clear significantly."

Elon Musk, Tesla's CEO, is a prominent supporter of Donald Trump and played a significant role in Trump's campaign in its final months. Since the election, Tesla's stock has climbed nearly 50%. On Friday, the company's market value topped $1 trillion, hitting its highest closing price in over two years.