Elon Musk and Tesla (NASDAQ:) shareholders have a chance to drink champagne after the company’s controversial 2018 pay package and Texas incorporation were met with overwhelming approval at the company’s annual meeting in Austin, Wedbush analysts say.

Company analysts expect this to be a pivotal moment for the company and that the approval of the decision will remove the $20-$25 overhang on TSLA shares that was marred by the troublesome Delaware ruling earlier this year.

For this reason, Wedbush has now raised its bull price target for TSLA to $350 for the next 12-18 months.

The move comes as analysts at Wedbush “believe the next chapter in Tesla’s growth story will involve autonomous vehicles, and FSD is currently on a near-term horizon that we believe will push Tesla’s valuation north of $1 trillion in 2025.”

The investment firm’s 12-month base price target for Tesla is $275, representing a more than 50% upside from Thursday’s closing price.