Tesla Stock: Jim Cramer Outlines His Bull Case
Wedbush boosted its one-year price target on Tesla (TSLA) - Get 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.
WATCH: Everything Jim Cramer Is Watching in Markets Monday
