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

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:35

Tesla  (TSLA) - Get Tesla Inc Report 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.

Recap TheStreet Live: Everything Jim Cramer Is Watching Monday

Related Videos