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Jim Cramer: If You're Making an EV Play, Stick With Tesla

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Tesla  (TSLA)  reported stronger-than-expected vehicle deliveries for the first quarter.

Wedbush analysts, following the news, upgraded the stock's price target to $1,000 from $950.

"In our opinion, the 1Q delivery numbers released on Friday was a paradigm changer and shows that the pent-up demand globally for Tesla's Model 3/Y is hitting its next stage of growth as part of a global green tidal wave underway," wrote analysts Dan Ives and Strecker Backe in a research note.

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