Tesla Inc has surged over 60% since the election. The stock is five times more expensive than the industry average. –Benzinga Pro Data From a technical perspective, the analysis of daily moving averages and its relative strength indicate that the stock price is high and overbought. TSLA closed at $436.23 on Friday. This was below above the eight and 20-day simple moving averages, of $408.55 and $370.43, respectively. As per Benzinga Pro data, its current stock price is also much higher than the 50 and 200-day moving average prices at $303.86 and $225.59, respectively. The relative strength index of 79.17 also suggests the stock is overbought. These combined factors usually mean the stock may be overvalued, and there could be a potential for a price correction or a pullback. Benzinga’s technical analysis scorecard scores the company at 66 points out of 100. What Are Analysts Saying: Ives raised his Tesla price target to $515, citing a potential “game changer” under a Trump presidency. He believes that the Trump administration will favor Tesla’s AI and autonomous driving initiatives while hindering smaller EV competitors. Ives sees a $2 trillion market cap for Tesla by 2025, excluding potential value from its Optimus robot. This comes amid reports of the Trump team seeking to relax regulations on autonomous vehicles, a move Tesla has advocated for. We believe Tesla could reach a $2 trillion market cap by the end of 2025 as the company's autonomous vision starts to take shape. Importantly, our price target conservatively assumes no value today for Optimus which could be a major upside catalyst for the Tesla story 🔥🏆🐂🍿👇 https://t.co/IBxilcLgC3