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Tesla Stock: Jim Cramer Outlines His Bull Case

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Wedbush boosted its one-year price target on Tesla  (TSLA) - Get Free Report

Analyst Daniel Ives lifted his one-year price target to $560 from $500 and said his new bull case is $1,000, up from $800.

In a research note to clients, Ives said Tesla was likely to achieve its goal of 1 million deliveries by 2023 or possibly sooner. The influential analyst also said that with Tesla’s sustained path to profitability and S&P 500 index inclusion achieved, “the Tesla bull story is now all about a stepped-up EV demand trajectory into 2021.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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