Shares of Tesla Inc. rose 5.34% to $389.22 Friday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.81% to 19,859.77 and the Dow Jones Industrial Average falling 0.

Tesla stock has had a wild few weeks of trading, resulting in the shares almost doubling since America’s Nov. 5 election. Wall Street just can’t keep up. Shares of the electric vehicle maker closed at a 52-week high on Thursday at just under $370 a share.

Tesla (NASDAQ: TSLA) stock is climbing in Thursday's trading. The electric vehicle (EV) company's share price was up 3.7% as of 2:30 p.m. ET. Tesla stock is gaining ground today following bullish coverage from Bank of America analyst John Murphy.

Tesla’s stock rallies toward a more than 2 1/2-year high, and BofA laid out reasons why it can rise even further.

Key Takeaways Shares of Tesla rose after Bank of America analysts set a $400 price target on the EV maker's stock. The new target is among the highest on Wall Street and more than 10% above last night's close.

Tesla Inc. shares climbed over 4% on Thursday, reaching levels last seen in April 2022, fueled by a mix of bullish analyst updates, new developments on its robotaxi, and heightened retail enthusiasm.