Business
Tesla stock could surge 104% to $1,000, according to this analyst
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
Shares of Tesla Inc (NASDAQ: TSLA) have already soared nearly 500% so far in 2020 but will surge to new all-time highs in the coming year.
That’s according to Wedbush analyst Daniel Ives. On Monday, Ives raised his price target on Tesla’s stock from $500 to $560 but presented a bull case that envisions the stock more than doubling to $1,000. His new base target represents potential gains for investors of roughly 14% over the stock’s closing price on Friday of about $490. It’s the bull case, however, that is most intriguing.
Ives cited several recent achievements by Tesla, including its inclusion in the S&P 500 Index (SP:…
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