Tag: tesla analyst
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Tesla will leap 12% from current levels as pent-up demand drives Chinese market domination, Wedbush says
Reuters Wedbush analyst Dan Ives increased his price target for Tesla shares to $475 from $380 on Thursday, citing stronger-than-expected deliveries in China.The new goal implies a 12% profit from the automaker’s Thursday closing price of $423.43. China is a”key market” to get Tesla that could constitute 40 percent of global sales as soon as…