Tesla Inc. (TSLA) is experiencing significant market activity with its stock price surging 6% in overnight trading. This spike is attributed to various factors, including Goldman Sachs increasing Tesla's price target from $175 to $248, anticipating higher vehicle deliveries and growth in the Full Self-Driving (FSD) market. Additionally, China has permitted driverless robotaxis in Shanghai, which is expected to bolster Tesla's market position. The company's valuation has been turning heads, with some analysts predicting the stock could reach $300 by the end of the week and even $400 by the end of 2024. Furthermore, Global Equities Research has raised Tesla's price target to $400, citing accelerating demand. The market's positive outlook is also influenced by perceived favorable relations between Elon Musk and former President Donald Trump, which some believe could benefit Tesla if Trump returns to office. Tesla's stock has run up 95% since its low in late April, and it spiked 6.6% in 24-hour trading.