Tesla will soar 15% to record highs on China demand and battery dominance, Wedbush bull says

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www.businessinsider.com/tesla-stock-price-target-raised-wedbush-china-demand-battery-day-2020-8

With Battery Day and demand recovery on the horizon, Tesla’s 2020 rally may still be in its early days, according to Wedbush analyst Dan Ives.

The analyst raised his price target for the automaker’s shares to $1,900 from $1,800 on Monday while maintaining a “neutral” rating on the stock. The new 12-month target implies a 15% jump from Friday’s close and would place shares at record highs.

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