Elon Musk’s relationship with President-elect Donald Trump turned out to be an incredible hedge for shares of Musk’s electric-vehicle company Tesla.

Bank of America analysts increased their price target for Tesla (NASDAQ:TSLA) stock to $350, up from the previous $265, following the recent U.S. election outcome.

Due to Elon Musk’s support for Trump, investor sentiment drove the stock rally, which boosted Tesla’s market capitalization by $120 billion, pushing it above $900 billion for the first time since July ...

CEO Elon Musk’s embrace of President-elect Donald Trump is paying off for Tesla shareholders - with stock jumping nearly 15% on Wednesday. But the question investors are asking is what that burgeoning ...