10:08 AM EST, 11/29/2024 (MT Newswires) -- Tesla (TSLA) is likely to unlock $1 trillion worth of artificial intelligence and autonomous opportunity as President-elect Donald Trump's administration "aggressively" heads down the AI/autonomous path, Wedbush said in a Friday note.

The EV maker's march toward a $1.5 trillion to $2 trillion valuation has now started with federal regulatory issues around full self-driving and autonomous cars expected to clear under a new Trump rule and the rollout of Cybercab representing the "golden goose," analysts led by Daniel Ives wrote.

Tesla is not just a car maker but has been a "leading disruptive technology global player" over the last decade, the analysts said, adding that the EV manufacturer is believed to be the "most undervalued" AI player in the market.

"We believe a Trump White House helps unlock autonomous/AI value to Tesla's stock as the autonomous/FSD timeline is accelerated starting in 2025," analysts said in the note.

Wedbush maintained its outperform rating on Tesla's shares and $400 price target.

Shares of Tesla were up nearly 2% in recent Friday trading.

Price: 337.63, Change: +4.74, Percent Change: +1.42